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5

OPEC bulletin 10/17

C o n f e r e n c e N o t e s

September

JMMC reports

highest-ever

conformity level

Inset:

Issam A Almarzooq (c), Chairman of the

JMMC, and Kuwait’s Minister of Oil and

Minister of Electricity and Water; Alexander

Novak (l), Co-Chairman of the JMMC,

and Russia’s Minister of Energy; and

Mohammad Sanusi Barkindo (r), OPEC

Secretary General.

T

he highest-ever conformity with vol-

untary production adjustments was

announced at the 5

th

Meeting of

the Joint OPEC and non-OPEC Ministerial

Monitoring Committee (JMMC), which took

place on September 22, 2017, at the OPEC

Secretariat in Vienna.

The 24 participating countries of the

‘Declaration of Cooperation’, signed on

December 10, 2016, showed joint conform-

ity of 116 per cent, the highest level reached