The current focus is on preparing the work plan for the OPEC+ Charter of Cooperation, OPEC Secretary General Haitham Al Ghais said at the first meeting of the Technical Committee of the OPEC+ Charter of Cooperation (CoC) held in Baku, APA-Economics reports.
According to him, the plan will include a detailed list of activities and programs, as well as a schedule for holding meetings.
“This second phase is expected to be completed and approved by ministers in December this year,” Haitham Al Ghais noted.
He said that during the technical meeting held on May 21, 2026, just two months ago, close coordination was ensured between the OPEC Secretariat and the participating countries of the Charter of Cooperation on the key elements of the Charter's activation plan.
Later, at the 41st OPEC and non-OPEC Ministerial Meeting held on June 7, the participating countries' ministers approved the proposed action plan to achieve the objectives of the Charter.
Haitham Al Ghais said that the heads of delegations and ministers also undertook to consult with their respective countries in order to nominate the members of today's Technical Committee, which will oversee the implementation of the plan.
These successful meetings held in May and June made it possible to successfully complete the first of the two key phases — the establishment of the institutional framework of the Charter of Cooperation.
“The successful completion of both phases is essential to ensure that the Charter of Cooperation becomes fully operational as planned from January 2027. The main task of this meeting is to prepare the work plan for the Charter of Cooperation and thereby ensure the successful completion of the second key phase,” Haitham Al Ghais emphasized.
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