OPEC Welcomes Brazil’s Decision to Join the Charter of Cooperation
OPEC has welcomed the approval by Brazil’s National Energy Council (CNPE), which formally clears the path for Brazil’s participation in the Charter of Cooperation (CoC) between oil-producing nations.
This milestone follows the announcement by H.E. Alexandre Silveira, Brazil’s Minister of Mines and Energy, at the 36th OPEC and non-OPEC Ministerial Meeting (ONOMM) held on 30 November 2023. It also builds on the historic official visit of H.E. Haitham Al Ghais, OPEC Secretary General, to Brazil in October 2023 the first ever by an OPEC Secretary General to the country.
Guided by the leadership of H.R.H. Prince Abdul Aziz bin Salman Al Saud, Saudi Arabia’s Minister of Energy and Chairman of the OPEC and non-OPEC Ministerial Conference, a series of high-level visits and bilateral meetings took place throughout 2024, ultimately leading to today’s important development.
Established in July 2019, the Charter of Cooperation serves as a platform for dialogue and the exchange of views on trends and developments in the global oil and energy markets. Its core aim is to support energy security and promote long-term market stability for the benefit of producers, consumers, investors, and the global economy.
