Declaration of Cooperation (DoC) of OPEC and Non-OPEC Oil-producing Countries Reaches Seven Years

Excerpt:  “Seven years ago, on this day, OPEC Member Countries and Azerbaijan; the Kingdom of Bahrain; Brunei Darussalam; Equatorial Guinea, which later joined OPEC; Kazakhstan; Malaysia; Mexico; the Sultanate of Oman; the Russian Federation; the Republic of Sudan; and the Republic of South Sudan descended on Vienna, Austria, to discuss developments impacting the global oil market. The meeting led to the birth of the DoC as a platform for cooperation and dialogue in the interest of oil market stability. Other producers attended the meeting in support of these historic efforts.”