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OPEC meets with Brazil amid consultations with "key" oil producers

Posted by Marina

The secretary-general of the Organization of the Petroleum Exporting Countries (OPEC), Mohammad Barkindo, had this Monday a video conference with the Minister of Mines and Energy of Brazil, Bento Albuquerque, to talk about the energy market.

The bilateral meeting was the most recent in a series of meetings for discussions with oil-producing countries considered “key” and not part of the group, according to OPEC publications on Twitter.

“Countries discussed the latest developments in the oil markets ... Barkindo also highlighted Brazil's significant role as one of the most prolific energy suppliers in South America,” wrote OPEC when reporting on the virtual meeting.

The secretary-general also invited Albuquerque to participate in the group's multilateral cooperation platforms and to attend an OPEC international seminar in Vienna in June 2021, according to OPEC's Twitter.

The Ministry of Mines and Energy did not immediately respond to requests for comment on the online meeting with Barkindo.

In April, Minister Albuquerque even participated in a virtual meeting of G20 countries on the oil market, after an invitation from Saudi Arabia, which sounded the country's interest in participating in efforts led by OPEC to reduce global supply.

The country, however, said at the time that it could not contribute to OPEC agreements due to legal issues, which prevent the government from influencing the level of production of companies in the sector.


Source: Notícias Agrícolas

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