Opec +: Energy Minister to partake, Thursday, in work of 15th ministerial meeting

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The Minister of Energy and Mines, Mohamed Arkab, will take part, this Thursday, in the work of the 15th Opec-non Opec ministerial meeting to be held by video-conference, a statement from the ministry said on Tuesday.

This meeting, which brings together the 23 countries (13 OPEC countries and 10 non-OPEC countries) signatories of the Declaration of Cooperation, will be devoted to examining the situation of the international oil market and its prospects for development in the short term, the same source pointed out.

The ministerial meeting will be preceded, on Wednesday, by the 28th meeting of the Joint Ministerial Monitoring Committee (JMMC), which will have to assess, on the basis of the report drawn up the day before by the Joint Technical Monitoring Committee (JTC), the situation of the international oil market, its short-term development prospects as well as the level of compliance with the production reduction commitments of the signatory countries of the Declaration of Cooperation for the month of February 2021.

The JMMC is made up of OPEC member countries, namely; Algeria, Saudi Arabia, the United Arab Emirates, Iraq, Kuwait, Nigeria and Venezuela and two non-member countries of the Organization, namely Russia and Kazakhstan.

Angola will also participate in the work of the JMMC as President of the OPEC Conference. (APS)

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