Luanda - The 187th conference of the Organization of Petroleum Exporting Countries and their allies (OPEC+), which was scheduled for the 25th and 26th of this month, in Vienna, Austria, is to take place only this Thursday, via online, a meeting that plans to reduce the production quota of some members.
For this meeting, the Angolan delegation, led by the secretary of State for Oil and Gas, José Barroso, was already on its way to the location of last Sunday's event, at which time it was informed about the postponement of the respective conference, justified by the overlap of agenda of OPEC secretary general, Haithmam Al-Ghais, according to Jornal de Angola.
Subsequently, some international media outlets accused Angola of having abandoned or given up on the conference, allegedly due to differences over the cut in production quotas for African countries, a fact that was denied by a source in the Angolan delegation.
Last June, Angola's quota allocated by OPEC was 1.46 million barrels per day, compared to the current approximately 1.1 million barrels/day of Angolan production.
As for the price, this Wednesday, the value of Brent, which serves as a reference for Angola's exports, stood at USD 82.98 per barrel, registering an increase of USD 1.49 compared to the previous period.
Meanwhile, until last Tuesday (28), the price of the daily basket was USD 83.4 dollars per barrel, according to OPEC.
The new ORB (OPEC reference basket) is made up of the oil types “Saharan Blend” (Algeria), “Girassol” (Angola), “Djeno” (Congo), “Zafiro” (Equatorial Guinea), “Rabi Light” (Gabon), “Iran Heavy” (Iran), “Basra Medium” (Iraq), “Kuwait Export” (Kuwait), “Es Sider” (Libya), “Bonny Light” (Nigeria), “Arab Light” (Saudi Arabia), “Murban” (UAE) and “Merey” (Venezuela).
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