July 6, 2023
1 min read

4 countries consulted to join OPEC

Al Ghais said that consultations with new countries from outside the organisation contribute to strengthening the cohesion of OPEC…reports Asian Lite News

OPEC chief Haitham Al Ghais has revealed that the organisation’s aspirations to increase the number of member states, as Azerbaijan, Malaysia, Brunei and Mexico have been consulted so far to join the organisation.

In a statement to the Emirates News Agency (WAM), on the sidelines of the 8th OPEC International Seminar which kicked off today in Vienna, Al Ghais said that consultations with new countries from outside the organisation contribute to strengthening the cohesion of OPEC, indicating that the organisation does not aim to join a certain number of countries, but targeting countries that have the same strategic objectives of preserving and stabilising oil markets.

The OPEC Secretary-General noted that the four countries that were consulted have been in solidarity with the organisation since 2017, adding that “they have gone through qualitative challenges during the collapse of the markets and the pandemic in 2020, and therefore all of these countries have the common goal that is in the interest of stabilising the oil markets.”

ALSO READ: ‘OPEC aims to stabilise market, reduce environmental impact’

Previous Story

‘OPEC aims to stabilise market, reduce environmental impact’

Next Story

Saudi says tools in place to address oil market challenges

Latest from -Top News

Ramaphosa gains from US showdown

South African President’s conduct with Trump reminded South Africans of his diplomatic pedigree, and of his importance to the country’s rules-based order South Africa’s President Cyril Ramaphosa and his delegation went to

Armed gangs kill dozens in Nigeria

A local state governor said “scores” of people had been killed in the attacks, which also saw homes and properties destroyed. Northeast Nigeria has been gripped by a deadly wave of violence

Children die as USAID aid cuts snap a lifeline

Trump administration cut more than 90% of USAID’s foreign aid contracts and $60 billion in overall assistance around the world. Programs serving children were hit hard Under the dappled light of a
Go toTop

Don't Miss

OPEC Fund extends $10mn loan to Bank of Maldives

According to the Fund, the loan will be used for

India to lead demand for oil till 2045

OPEC report reveals India will take the leading role in