Arkab to participate in JMMC, ministerial meetings

Arkab to participate in JMMC, ministerial meetings

ALGIERS-The Minister of State, Minister of Energy, Mines and Renewable Energy, Mohamed Arkab, will participate Thursday, via videoconference, in the 57^th meeting of the OPEC/non-OPEC Joint Ministerial Monitoring Committee (JMMC), and the 38^th OPEC and OPEC+ ministerial meeting, the ministry said in a press release.

[ecr]

During this meeting, the ministers of the nine member countries of the committee will discuss “the compliance levels of OPEC+ members with the production cuts agreement for September and October 2024, in accordance with the decisions taken by OPEC+ countries, as part their joint efforts to ensure stability in the global oil market,” said the same source.

The JMMC will gather the seven OPEC members: Algeria, Saudi Arabia, United Arab Emirates, Iraq, Kuwait, Nigeria and Venezuela, as well as the two non-member countries: Russia and Kazakhstan.

Arkab will also participate, on the same day and remotely, in the 38^th ministerial meeting of OPEC countries and non-OPEC countries (OPEP+), bringing together the oil ministers of the 22 countries signatories to the cooperation Declaration, added the same source.

During this meeting, the discussions will primarily focus on “the latest developments in the global oil market and its short-term prospects,” concluded the press release. [/ecr]