Venezuela is committed to oil market stability

The Bolivarian Republic of Venezuela ratified its commitment to the historic agreement that guarantees the long-term and sustained stability of the oil market.

The Sectoral Vice President for Economy, Tarek El Aissami, participated in the 19th OPEC+ Ministerial Meeting, where was agreed on the boost to be provided to the oil supply during the last months:

«Venezuela will continue to bet on policies aimed at guaranteeing the collective market», stated El Aissami.

At the meeting, it was agreed to increase production for the rest of 2021, raise market conditions and its possible adjustments.

The 20th OPEC+ Ministerial Meeting will be held in September 2021.