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OPEC Secretary-General Haitham Al-Ghais said today, Saturday, that the OPEC + alliance plays an effective role in supporting market stability, in a statement marking the sixth anniversary of its formation.
"After six years, this group continues to play an active role in supporting market stability," Al-Ghais added, noting the importance of stability in achieving growth and development and attracting the necessary investments to ensure energy security.
The last meeting of the OPEC+ coalition, which includes members of the Organization of the Petroleum Exporting Countries and others outside it, led by Russia, was held on December 4th.
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Today marks the sixth anniversary of the historic declaration of cooperation between the member states of the Organization of the Petroleum Exporting Countries (OPEC) and its allies “non-member countries” - OPEC Plus - which was signed at the first ministerial meeting of “OPEC Plus” on December 10, 2016 in Vienna. in Austria.
This joint cooperation between OPEC member states and 10 oil-producing countries outside the organization constituted an important framework that contributed to securing sustainable stability in the oil market through cooperation and dialogue for the benefit of all producers, consumers and investors, as well as the global economy.
Al-Ghais added that the declaration of cooperation between OPEC and its allies is an unprecedented cooperative framework for 23 oil-producing countries based on trust, mutual respect and dialogue. Energy security.
OPEC Plus aims to secure sustainable stability for the global oil market through cooperation and dialogue, including at the research and technical levels, for the benefit of all producers, consumers and investors. On the “Covid-19” pandemic, as these efforts have supported the recovery process from the global pandemic and have been recognized at the highest levels of government and by international organizations and other academic circles.
Views 581Added 12/10/2022 - 9:36 PMUpdated 12/11/2022 - 12:31 PM[You must be registered and logged in to see this link.]