According to an industry source, the meeting, by videoconference, under the chairmanship of Crown Prince Abdul Aziz Bin Salma, Saudi Arabia's Energy Minister, and co-chaired by Alexander Novak, Russia's Energy Minister, will review the Joint Technical Group's report on global oil market developments, levels of compliance, and prospects for the coming months.
The holder of the Mineral Resources, Oil and Gas portfolio, Diamantino de Azevedo, will participate in the meeting, already as chairman of the OPEC Conference of Ministers, and a statement is expected during the session.
On the same day, according to the information that Lusa had access to this Wednesday, the 23rd meeting of OPEC ministers and their non-OPEC partners, signatories of the Declaration of Cooperation (signed in 2016), will take place.
Angola assumed in November of this year the presidency of the OPEC Ministers Conference, a body to which it was admitted as a full member in 2006.
The Portuguese-speaking country plans to increase its current daily production from 1.249 million barrels of oil to 1.267 million barrels next month, with the prospect of reaching 1.319 million barrels per day by the end of 2021.
The information was provided by the Secretary of State for Petroleum, José Alexandre Barroso, quoted by Angop, during the advisory board of the Ministry of Natural Resources, Oil and Gas, held in November.
José Alexandre Barroso said, at the time, that these data clearly confirm that OPEC production levels are not conditioned by the volume of production left by the organization, but by the natural decline of the fields, the suspension of drilling activity in 2020, motivated by the covid-19 pandemic and the absence of investment in exploration in general.
The government also noted that Angola participates in OPEC activities with the main objective of sharing the effort to stabilize the international oil market.
