EL AISSAMI: VENEZUELA PARTICIPATES IN THE 25TH MEETING OF THE JMMC TO CONTINUE CONSOLIDATING THE STABILITY OF THE OIL MARKET

The Sectorial Vice President of the Economy and Minister of the People’s Power for Petroleum, Tareck El Aissami, participates in the 25th Meeting of the Ministerial Joint Monitoring Committee (JMMC), which is held from Vienna, Austria, by videoconference.

“We began the year 2021 by participating in the 25th Meeting of the OPEC + Ministerial Joint Monitoring Committee, to continue consolidating the stability of the oil market in the face of the consequences of the pandemic. Venezuela will continue to promote dialogue in the energy field, ”El Aissami wrote through his Twitter account, @Tareckpsuv.

The meeting is chaired by the Chairman of the Joint Ministerial Monitoring Committee (JMMC), Minister of Petroleum of Saudi Arabia, His Royal Highness, Prince Abdul Aziz Bin Salmán Al Saud and the co-chair of the JMMC, Minister of Energy of the Russian Federation, HE Alexander Novak; in the company of the president of the OPEC 2021 Conference, Angolan Minister of Petroleum, HE Diamantino Azevedo; and the Secretary General of OPEC, HE Mohammad Barkindo.

During the working day, the member countries evaluate the evolution of the oil market and the levels of compliance with the production adjustments by the OPEC Secretariat.

Heads of delegation from seven OPEC countries participate in the 25th Meeting of the Ministerial Joint Monitoring Committee: Saudi Arabia, Algeria, United Arab Emirates, Iraq, Kuwait, Nigeria and Venezuela.

Kazakhstan and Russia are present for the Non-OPEC countries, and OPEC Angola as a guest, in its capacity as President of the OPEC Conference for the year 2021.