Speech by Kuwait's Minister of Oil at the 13th JMMC Meeting

Delivered by HE Dr. Khaled Ali Al-Fadhel, Kuwait's Minister of Oil and Minister of Electricity & Water, and Chairman of the Board - Kuwait Petroleum Corporation (KPC), at the 13^th Meeting of the Joint Ministerial Monitoring Committee (JMMC), 18 March 2019, Baku, Azerbaijan.

Your Excellencies,

Distinguished colleagues,

Good morning.

It is a great honor for me to represent the State of Kuwait at the 13^th meeting of the JMMC being held in the lovely city of Baku.

I would like to start by adding my voice in thanking the Republic of Azerbaijan for its generosity and great hospitality extended to us during our stay.

It is an honor for me to join this distinguished group of capable ministers for the first time.

The JMMC and JTC supported by the OPEC Secretariat have been instrumental over the past two years in delivering detailed and very accurate analysis of oil markets conditions.

Such analysis has enabled this distinguished group to make appropriate recommendations for ensuring the continuous successful implementation of the “Declaration of Cooperation.”

As your Excellencies surely recall, the State of Kuwait chaired the JMMC and JTC in the beginning of this journey back in 2017, and we are very proud to have been a part of this success story.

I assure you that the State of Kuwait remains steadfast in its support of the “Declaration of Cooperation”, through its continued pro-active role and membership in this distinguished body.

Furthermore, Kuwait is fully committed in implementing its share of the production adjustments agreed between the 24 countries on December 7, 2018, as it has demonstrated over the past two years.

I look forward to continuing to play a constructive and leading role under the able leadership of my distinguished colleagues the Co-Chairs, and fellow distinguished members of the JMMC.

Thank you and I wish everybody a successful and productive meeting.