Even years after its conclusion, the OPEC+ agreement remains essential to ensuring energy stability and developing the oil market. This was expressed by Haytham al-Ghais, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC). published on the OPEC website.
“The Declaration of Cooperation is an unprecedented basis for cooperation based on trust, mutual respect and dialogue among the 23 oil producing countries. “Six years later, it continues to play an important role in maintaining stability in the market.”
According to him, the deal continues to aid growth and development by attracting new investments that only improve energy security.
A post on the OPEC website pointed out that stability in the oil market has become an important issue again amid production cuts during the coronavirus pandemic.
December 5, Japan Cabinet Secretary General Hirokazu Matsuno declarationHe said that according to the Japanese government, the decision of the OPEC+ countries to continue their plan to cut oil production has increased uncertainty in the market.