Venezuela celebrates historic consensus at the 19th OPEC + Ministerial Meeting

The Sectorial Vice President of the Economy, Tareck El Aissami affirmed that Venezuela ratifies in the 19th OPEC + Ministerial Meeting its commitment to the agreement that guarantees the stability of the oil market, therefore celebrates the consensus that has been achieved as a clear and firm sign of strength. that exists for the global economic development.

Through his social network account Twitter @TareckPSUV, the also Minister for Petroleum wrote: “We celebrate the historic consensus reached at the 19th OPEC + Ministerial Meeting, which demonstrates the long-term strategic vision, sending clear and firm signals of our strength and commitment to the balance of the oil market and the economic development of the world ”.

A press release issued by the press team of the Sectorial Vice-presidency of the Economy, highlighted that this Sunday the 19th Ministerial Meeting of OPEC and non-OPEC was held via videoconference, chaired by His Royal Highness Prince Abdul Aziz Bin Salman, Minister of Saudi Energy and Co-Chair; Alexander Novak, Deputy Prime Minister of Russia; Diamantino Pedro Azevedo, President and Minister of Mineral Resources and Petroleum of Angola and the Secretary General of OPEC, Mohammad Barkindo, to agree on the impetus that will be provided to the supply of oil during the coming months.

On the other hand, OPEC, through a statement published on its website, reported that in this important meeting different agreements were reached, among which the reaffirmation of the framework of the Declaration of Cooperation, the increase in production for the rest from 2021 until gradually eliminating the production adjustment of 5,8 mdb per day, continue evaluating the market conditions and its possible production adjustments.

In this sense, Vice President El Aissami stated that “OPEC + reaffirms its unequivocal position on the foundations of a stable and balanced oil market, in the interest of producers, consumers and the world economy. VENEZUELA will continue betting on policies that tend to guarantee the collective well-being ”.

Similarly, he explained that "Venezuela ratifies at the 19th OPEC + Ministerial Meeting its commitment to the historic agreement that guarantees long-term and sustained stability in the world oil market." Finally, it was agreed to hold the 1th OPEC and non-OPEC Ministerial meeting for September 2021, 20.

 

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