Rus News Journal

the Minister of Energy of Great Britain has called for maintenance bolshej a transparency of the oil market

the Minister of Energy of Great Britain Stephen Timms has called the countries exporting oil, and the countries - consumers of oil and oil products to provide the big transparency of the world oil market. W such appeal the minister has acted on Sunday at the International power forum passing in Amsterdam.

as he said, the big transparency of the oil market will do good both to manufacturers, and consumers of power resources.

" shortage of trustworthy information is one of the uncertainty reasons in the oil market, - has declared Timms. - If we want, that the market functioned better, manufacturers and consumers should lean against the identical data ABT supply and demand ".

" We should work 2GETHR over perfection of our understanding of the market, - the minister has continued. - The best knowledge will contribute in growth of the trust necessary for investment in new capacities which will provide requirements for energy for the future. " Timms has underlined that maintenance of a transparency of the oil market - a joint problem of the countries - exporters of oil and oil products and the countries - consumers.

the Minister of Energy of Great Britain has expressed satisfaction the initiative of six non-governmental organisations, among which OPEC and the International power agency, on creation of the Joint database on oil which has been presented on Sunday in Amsterdam to journalists.

he has urged sekretat to consider the International power forum creation of this database as one of priorities of their WRK.