Libya participates in OPEC ministerial meeting ahead of group's supply conference

Libya participates in OPEC ministerial meeting ahead of group's supply conference

June 30, 2022 - 14:40
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Written By: SafaAlharathy

OPEC Council of Ministers, including Libya's Minister of Oil and Gas, Mohamed Aoun, have met in an online meeting to review oil-production policies.

Wednesday's talks were joined by the Director-General of the General Department of Technical Affairs at the Oil Ministry and the Governor of Libya at OPEC, Mustafa Bin Issa.

The group debated the organization's manifesto of guiding principles known as its Long-Term Strategy, the financing issue, the member states' contributions, and the recommendations presented by the governors.

They also reviewed administrative affairs and approved a set of decisions related to the OPEC's meetings and the appointment of an external auditor to evaluate the organization's performance.

A meeting on Thursday, which includes the wider 23-nation OPEC+ alliance, is expected to ratify a supply increase for August that will complete the return of production halted at the outset of the Covid-19 pandemic.