MOSCOW, June 15 (AFP): Energy chiefs and political titans gather in Moscow this week for a major conference that will highlight the West's desire to pursue oil investments in Russia despite the Ukraine crisis.
With oil prices hitting nine-month peaks on Friday owing to violence in Iraq, the 21st World Petroleum Congress, which occurs every three years, takes on even greater prominence.
Moscow, which is locked in its worst standoff with the West since the Cold War, is expected to use the week-long event to emphasise its leading presence on the world energy scene.
In Moscow, the Organisation of Petroleum Exporting Countries (Opec) Secretary General Abdullah El-Badri will be joined by about 5,000 delegates, including the chief executive of British energy giant BP Bob Dudley and bosses at Russia's Gazprom and Rosneft.
The Kremlin will host a reception on Sunday at the congress organised by the World Petroleum Council. Russian President Vladimir Putin will make a speech Monday at the event that will bring public and private companies together with government agencies from 65 nations representing more than 95 per cent of the world's crude oil production and consumption.
Oil bosses meet in Moscow amid Ukraine crisis
FE Team | Published: June 16, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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