The Sector Vice-president for the Economy and People’s Power Minister for Petroleum, Tareck El Aissami, participates in the 25th Meeting of the Joint Ministerial Monitoring Committee (JMMC), which is held from Vienna, Austria, via videoconference.
“We began the year 2021 by participating in the 25th Meeting of the OPEC + Joint Ministerial Monitoring Committee, to keep 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.
INICIAMOS el año 2021 participando en la 25º Reunión del Comité Ministerial de Monitoreo Conjunto de la OPEP +, para seguir consolidando la estabilidad del mercado petrolero frente a las consecuencias de la pandemia. VENEZUELA seguirá promoviendo el diálogo en el campo energético pic.twitter.com/iaIw4etNZI— Tareck El Aissami (@TareckPSUV) January 4, 2021
The meeting is led by the chairman of the Joint Ministerial Monitoring Committee (JMMC), Saudi Arabia’s Oil Minister, Prince Abdul Aziz Bin Salmán Al Saud, and JMMC co-chair, Russian Federation Minister of Energy Alexander Novak; in the company of the president of the OPEC 2021 Conference, Angola’s Oil Minister, Diamantino Azevedo; and the Secretary General of OPEC, H.E. 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 7 OPEC countries participate in the 25th Meeting of the Joint Ministerial 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.