By Abdul Kerimkhanov Instead of Venezuela, Algeria and Oman, the inclusion of the United Arab Emirates, Iraq and Kazakhstan into the committee is being discussed, three sources in the Middle East delegations of OPEC + and the OPEC Secretariat said. The new composition of the ministerial committee on monitoring OPEC+ deal implementation on the eve of its meeting in Baku on March 17-18 has not yet been approved. According to the sources, Venezuela, Algeria and Oman, previously included in the monitoring committee, “are no longer members of the committee,” and the ministers of Algeria and Oman will not come to Baku. At the same time, the UAE and Iraq, which are supposed to replace Algeria and Venezuela in the committee, can take part in the meeting. The issue of electing new members is likely to be discussed at an extraordinary meeting of OPEC + ministers in April, the agency said. Saudi Arabia and Russia, which act as chairman and co-chairman of the monitoring committee, retain their status. At the same time, instead of Oman, who participated in the work of the committee from non-OPEC countries, it is proposed to nominate Kazakhstan, which had previously confirmed its willingness to work as… Read full this story
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