Moscow believes Russia-USA coming business summit on energy to be very important

Moscow hopes the coming Russia-USA business summit on energy, scheduled for October 1-2 in Houston will be very crucial, said Russia's Minister for Foreign Affairs at the meeting with the delegation of the board of directors of the American corporation Chevron Texaco. He also stressed that the summit was aimed at putting new joint large-scale projects in the fuel and energy sector into practice.

During the meeting, which was held on Thursday, the parties discussed a number of topical issues of bilateral economic and investment cooperation, first of all in the context of the Russia-America new energy dialogue started by the Russian and US at the May summit in Moscow, said the Russian Foreign Ministry's Information and Press Department.

The parties noted that this perspective direction of bilateral cooperation "was significantly important for giving a positive impetus to the whole complex of the Russian-American trade and economic relationship and part of the process of developing strategic partnership between these two countries".

It was also aimed at making the world energy markets more steady and predictable and prices for hydrocarbon raw materials more stable as well as observing the interests balance of its producers and consumers.

The members of the delegation informed Russia's Foreign Minister about the corporation's plans to increase its work in Russia, the ministry reported.