24 Hrs
Source:
النهار أونلاين
Al-Ghais on Algeria's OPEC+ agreement
The Secretary-General of OPEC, Haitham Ghais, confirmed that the 2016 Algiers Agreement is a historic pact that laid the foundation for the "OPEC+" summit, announced later that year in December. According to Ghais, this agreement was of great significance for Algeria and OPEC member countries, as well as for the ten allied countries outside the organization. It marked a historic turning point in cooperation between OPEC and non-member countries, leading to a substantial impact on global oil markets. This agreement is considered an important lesson in the history of energy markets, contributing to the development of OPEC’s trajectory and strengthening its role in regulating the global oil market.
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