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OPEC in Consultations with Four Potential New Members


OPEC has had conversations with four nations that could potentially join the group according to secretary-general Haitham Al Ghais in Vienna this week.

  • Al Ghais said Azerbaijan, Malaysia, Brunei and Mexico have been consulted.
  • All are already members of the Declaration of Co-operation.
  • "They have gone through qualitative challenges during the collapse of the markets and the pandemic in 2020, and therefore all of these countries have the common goal that is in the interest of stabilising the oil markets," he said.
  • He said talks were at a preliminary phase and referred to it as a “long process.”

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