By Trend
Dr. Khaled Ali Mohammad Al-Fadhel, Minister of Oil and Minister
of Electricity and Water of Kuwait, and chairman of Kuwait
Petroleum Corporation, will visit Azerbaijan on March 17-18, Kuwait
embassy in Baku told Trend.
Leading a Kuwaiti delegation, he will take part in the Joint
OPEC and non-OPEC Ministerial Monitoring Committee (JMMC) that will
be held in Baku March 18, said the embassy.
The program of the visit hasn’t been disclosed yet, according to
the embassy.
It should be noted that Baku will also host the Joint Technical
Committee meeting on March 17.
OPEC and its partners decided to extend its production cuts till
the end of 2018 in Vienna on November 30, as the oil cartel and its
allies step up their attempt to end a three-year supply glut that
has savaged crude prices and the global energy industry.
The 5th OPEC and non-OPEC Ministerial Meeting was held in
Vienna, Austria, on December 7, 2018.
The meeting participants decided to adjust the overall
production by 1.2 million barrels per day, effective as of January
2019 for an initial period of six months. The contributions from
OPEC and the voluntary contributions from non-OPEC participating
countries of the ‘Declaration of Cooperation’ will correspond to
0.8 million barrels per day (2.5 percent), and 0.4 million barrels
per day (2 percent), respectively.
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