Excerpt: “In coordination with HRH Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia and the Chairman of the OPEC and non-OPEC Ministerial Meetings under the Declaration of Cooperation (DoC), HE Haitham Al Ghais, OPEC Secretary General, has concluded official visits to Iraq and Kazakhstan to discuss market conditions and underscore the critical importance of ensuring that ongoing oil market stabilization efforts by DoC Participating Countries are successful. During these visits, which took place between 26 and 29 August 2024, both countries reaffirmed their unconditional commitment to the full and timely implementation of production adjustments, including the compensation plans as agreed under the DoC framework, and submitted to the OPEC Secretariat on 22 August 2024.”
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