OPEC continues to exclude Libya from contributing to production cuts

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OPEC continues to exclude Libya from contributing to production cuts

December 05, 2022 - 19:36
Written by: LibyaMohammed

The Minister of Oil and Gas, Mohammed Aoun, has participated in the 35th meeting of the Council of Ministers of the Organization of Petroleum Exporting Countries (OPEC), which was held via Zoom platform.

The participants confirmed the previous decisions, especially the decision to reduce production by two million barrels per day, with the continued exception of Libya from contributing to the reduction.

They agreed to follow up on market developments and to hold meetings to monitor production every two months or when the need arises.