The Republic of the Congo is to succeed Angola as Organization of the Petroleum Exporting Countries (OPEC) rotating presidency in 2022.
Secretary-General of the organization, Mohammed Barkindo, made this known after an exchange with Congolese Prime Minister Anatole Collinet Makosso, on the sidelines of his three-day working visit to Brazzaville, the Congolese capital.
“Congo will take over the presidency of OPEC in 2022,” Barkindo said.
“We salute the prime minister’s leadership and support for our organization. The head of government also reassured member and non-member countries of his particular support,” he added.
OPEC is an intergovernmental organization of 13 nations. Over the past decades, the organization has been seeking stability in the market, and enhancing its dialogue and cooperation with consumers and non-OPEC producers.
The Republic of the Congo is the third largest oil producer in sub-Saharan Africa after Nigeria and Angola, with an estimated production of 336,000 barrels of crude oil per day.