LOC16:56
13:56 GMT
MOSCOW, March 12 (KUNA) -- Russian President Dmitry Medvedev underscored
here on Thursday his country's interest in fair and stable price for oil in
world markets.
Medvedev said in a statement carried by Interfax news agency that Russia
does not want high nor unjustified prices for oil but at the same time it is
interested not to see a serious decline of these prices.
He called on member countries of the Organization of Petroleum Exporting
Countries (OPEC) and other producing countries to work for a just and
acceptable level of oil prices.
For his part, Russian Deputy Prime Minister Igor Ivanovich Sechin said that
Russia will invite all member states of the OPEC producing countries to
participate in an international conference to be held in Moscow at the end of
this year to discuss the pricing policy.
He added that Russia will invite all these States to participate in the
proposed conference to develop a new system for determining oil prices. (end)
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