-- ------------- -------------- ------------------- -------------------
Tuesday , January 31 2023

Kuwaiti Oil Minister denies discussions about OPEC+ intention to boost output

This post has been read 6867 times!

Oil Ministry refers proposals on GCC media strategy to gas cmte

KUWAIT CITY, Nov 22 : Kuwaiti Deputy Prime Minister and Minister of Oil Dr. Bader Al-Mulla on Tuesday denied what was reported about discussions related to the intention of the OPEC+ to increase oil production at its next meeting. In a statement to Kuwait News Agency (KUNA), the minister stressed the keenness of the State of Kuwait to maintain the stability of the balance in the oil market. The OPEC+ alliance of oil-exporting countries decided during a recent ministerial meeting to reduce its oil production by two million barrels per day starting from November. The alliance said the decision was based on the uncertainty that surrounds the global economic and oil market outlooks.

Kuwaiti Deputy Prime Minister and Minister of Oil Dr. Bader Al-Mulla

Proposals
Meanwhile, the Ministry of Oil announced Monday that it referred Kuwait’s proposals on the GCC members’ oil media strategy after modernizing it to the fifth meeting of the GCC oil and Gas Committee. In a statement, the ministry said it took part in the virtual meeting in which it referred Kuwait’s proposals on the oil media specialists committee.

Sheikha Tamadher Khaled Al-Ahmad Al-Sabah, Kuwait’s representative to the GCC oil and gas committee and Director of Public Relations and Information at the Ministry, attended the meeting which discussed preparations for the 5th oil media gathering, and set its time and the host country.

Kuwait modernized the GCC oil media strategy for the next years to express aspirations and plans of the GCC member states towards their interests and policies, the statement quoted Sheikha Tamadher as saying.

She affirmed that Kuwait is working on highlighting the GCC oil policies and maintaining oil markets as well as making balance between supply and demand. Sheikha Tamadher said oil developments required setting a flexible media strategy to cope pace with happenings, taking into consideration to revise and assess it every three years or if necessary, according to the statement. (KUNA)

Check Also

Current situation in oil prices edging higher globally

This post has been read 6868 times! THIS is the current oil situation globally. The …