New OPEC Secretary-general Says Russia’s Membership in OPEC+ is Vital

Haitham Al-Ghais, Kuwait’s former OPEC governor, will head his first OPEC+ meeting on Aug. 3, in which the group will consider keeping oil output unchanged for September, despite calls from the U.S. for more supply.

Moataz Mohamed and Nayera Abdallah, Reuters

OPEC’s new secretary-general said that Russia's membership in OPEC+ is vital for the success of the agreement, Kuwait’s Alrai newspaper reported on July 31, quoting an exclusive interview with Haitham al-Ghais.

He said OPEC is not in competition with Russia, calling it “a big, main and highly influential player in the world energy map,” Alrai reported.

OPEC+ is an alliance of OPEC and allies led by Russia.

Al-Ghais, Kuwait’s former OPEC governor, will head his first OPEC+ meeting on Aug. 3, in which the group will consider keeping oil output unchanged for September, despite calls from the U.S. for more supply.

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