{"id":12317,"date":"2023-06-05T18:39:00","date_gmt":"2023-06-05T17:39:00","guid":{"rendered":"https:\/\/republic-congo.com\/?p=12317"},"modified":"2023-08-13T18:56:44","modified_gmt":"2023-08-13T17:56:44","slug":"186th-meeting-of-the-opec-conference","status":"publish","type":"post","link":"https:\/\/republic-congo.com\/en\/186th-meeting-of-the-opec-conference\/","title":{"rendered":"186th Meeting of the OPEC Conference"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"12317\" class=\"elementor elementor-12317\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c48e3f1 e-flex e-con-boxed e-con e-parent\" data-id=\"c48e3f1\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ef508fa elementor-widget elementor-widget-text-editor\" data-id=\"ef508fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Do you know what happened in Vienna on 3 June 2023 that affects the price of oil and gas in our country? The 186th OPEC Ministerial Conference, a big meeting of the world&#8217;s top oil producers, took place there. We joined OPEC in 2018 and we are Africa&#8217;s third largest oil producer. We have a lot of oil and gas under our land and sea, but we haven&#8217;t used all of it yet. The important meeting was attended by:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3cb7c6d elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"3cb7c6d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-angle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Congo's Minister of Hydrocarbons <b>HE Bruno Jean-Richard Itoua <\/b><\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-angle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Libya's Minister of Oil and Gas <b>HE Mohamed Oun<\/b><\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-angle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Saudi Arabia's Minister of Energy <b>Prince Abdul Aziz Bin Salman<\/b><\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-angle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Secretary General of OPEC <b> HE Haitham Al Ghais <\/b> <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-angle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">and other representatives from major oil producers and consumers<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f518953 elementor-widget elementor-widget-text-editor\" data-id=\"f518953\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The decision of the 35th OPEC and non-OPEC Ministerial Meeting, held on the next day, adjusted the amount of crude oil they make for the whole year of 2024, starting from 1 January. Russia&#8217;s amount was set at 9.828 million barrels per day, based on how much oil they made in February 2023. However, this amount may change by June 2023, because Russia is checking its production figures with other sources. This agreement will help to stabilize prices, which had fallen in recent months as the world economy slowed down.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8dd975c e-flex e-con-boxed e-con e-parent\" data-id=\"8dd975c\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-67c2fa3 elementor-widget elementor-widget-ucaddon_uc_grid_image_theme\" data-id=\"67c2fa3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_uc_grid_image_theme.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n<!-- start Grid Gallery -->\n\t\t<link id='unitegallery-css' href='https:\/\/republic-congo.com\/wp-content\/plugins\/unlimited-elements-for-elementor-premium\/assets_libraries\/unitegallery\/css\/unite-gallery.css' type='text\/css' rel='stylesheet' >\n\n\n<div id=\"uc_uc_grid_image_theme_elementor_67c2fa3\" class=\"uc-items-wrapper  \" style=\"display:none; margin:0 auto;\"  data-remote-type=\"gallery\" data-custom-sethtml=\"true\" >\n\n\n<img decoding=\"async\" alt=\"186 OPEC Conference\"\n   src=\"https:\/\/republic-congo.com\/wp-content\/uploads\/2023\/08\/186-OPEC-Conference-150x150.jpeg\"\n    data-image=\"https:\/\/republic-congo.com\/wp-content\/uploads\/2023\/08\/186-OPEC-Conference-scaled.jpeg\"\n    data-title=\"186 OPEC Conference\">\n\n<img decoding=\"async\" alt=\"186 OPEC Conference 1\"\n   src=\"https:\/\/republic-congo.com\/wp-content\/uploads\/2023\/08\/186-OPEC-Conference-1-150x150.jpeg\"\n    data-image=\"https:\/\/republic-congo.com\/wp-content\/uploads\/2023\/08\/186-OPEC-Conference-1-scaled.jpeg\"\n    data-title=\"186 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