Baku - APA-Economics. An International Oil Market Council should be created, Igor Sechin, chief executive of Rosneft, Russia's largest oil producer, said in an interview with an Austrian Die Presse newspaper.
“International Energy Agency and the Secretariat of the Energy Charter are not able to cope with their works. I offer to create more effective council. The council will include oil producing countries”, he said.
Sechin also added that the council may also be formed by consumers and market regulators.