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27 Nov 2017

OPEC holds 2nd Technical Meeting of OPEC, Non-OPEC Participating Countries

Vienna, Austria, 27 November 2017--OPEC hosted the second edition of its OPEC and non-OPEC technical meeting under the umbrella of the Declaration of Cooperation at the OPEC Secretariat on 27 November.

OPEC Secretary General HE Mohammad Sanusi Barkindo congratulated all OPEC and non-OPEC participants to the Declaration of Cooperation on the first year anniversary of the decision. He stated current market conditions, returning confidence and optimism in the industry are all evidence of the positive outcome of these joint efforts.

The meeting is part of the lead up to the 3rd OPEC and non-OPEC Ministerial Meeting, which will be held at the OPEC headquarters on 30 November. It also follows on the heels of a complementary workshop on tight oil prospects held on 22 November, which examined recent developments and likely prospects for US tight oil.

The 1st Technical Meeting of OPEC and non-OPEC Producing Countries was held in May 2017. The technical meetings provide an opportunity to enrich and deepen OPEC and non-OPEC work together and to give shape and structure to a framework under which future cooperation and sharing of perspectives will take place.