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OpecPlus meeting: Energy Minister participates at the 15th ministerial meeting

Minister of Energy and Mines, Mohamed Arkab participates today, Thursday, at the works of the 15th Opec-nonOpec ministerial meeting to be held by video-conference, said a communiqué issued by the ministry on Tuesday.

The statement added that the meeting, which includes 23 countries (13 OPEC member states and 10 non-member states), will be devoted to studying the situation of the global oil market and the prospects of its development in short terms.

At the 28th meeting of the Joint Ministerial Monitoring Committee (JMMC) held yesterday, Mohamed Arkab confirmed that the overall compliance rate to the oil production cut agreement, concluded between the Organization of Petroleum Exporting countries (OPEC) and its allies (OPEC+), exceeded 100% in February 2021.

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