HomeEconomyMaduro spoke with the next Secretary General of OPEC

Maduro spoke with the next Secretary General of OPEC

In a meeting between both delegations, the OPEC-non-OPEC agreement was evaluated, with a view to strengthening the relationship as members of the Monitoring Committee as part of the agreement between crude oil producing countries

The President of the Republic, Nicolás Maduro, met this Tuesday with the next secretary general of the Organization of Petroleum Exporting Countries (OPEC), Haitham Al Ghais, who will take office on August 1 for the period 2022-2025. .

The meeting took place this Tuesday, at the Bayán Palace, located in Kuwait City, within the framework of the visit that the president is making to the State of Kuwait, the fourth leg of his international tour.

The appointment of Al Ghais, a veteran executive of the state-owned Kuwait Petroleum Corporation (KPC), was made official on January 3, 2022.

The Kuwaiti will succeed the Nigerian Mohammed Barkindo, who served as OPEC's main diplomat for two consecutive periods (2016-2019 and 2019-2022), in the General Secretariat.

Kuwaiti Foreign Minister Ahmed Nasser Al Mohammed Al Sabah and the Head of State Nicolás Maduro, this June 14, 2022. Photo: @PresidencialVen

Cooperation Maps

This Tuesday, he was also received by the Minister of Foreign Affairs and President of the Kuwait Fund for Arab Economic Development, His Excellency the Sheikh Ahmed Nasser Al Mohammed Al Sabah, with whom he reviewed the maps of political cooperation and in other areas between both nations.

According to official information, this meeting served for the parties to review the progress made in the cooperation agreements signed between Venezuela and the Arabian Gulf nation, in political, economic and commercial matters, as well as other strategic sectors, such as culture, in which Venezuela and Kuwait share joint projects.

Evaluated oil agreements

At the meeting, and together with the delegations of both countries, they evaluated matters concerning the OPEC-non-OPEC agreement, in order to strengthen the relationship as members of the Ministerial Monitoring Committee constituted as part of the agreement between crude oil producing countries.

It should be noted that Venezuela and Kuwait are full members of the Organization of Petroleum Exporting Countries (OPEC), and from this instance they have fought together for the stabilization of crude oil prices.

They also agree on the need to cut production for this purpose.

Venezuela -together with Iran, Iraq, Kuwait and Saudi Arabia- is one of the five founding countries of OPEC, whose creation act is endorsed by the Venezuelan Juan Pablo Pérez Alfonzo, called "The Father of OPEC" for being one of the forerunners of the intergovernmental organization aimed at guaranteeing fair and stable prices for oil producers, as well as efficient, economical and regular supply to consumer countries.

Earlier, the president was received by Marzouq Al-Ghanim, Speaker of the National Assembly of Kuwait.

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