Wednesday, March 7, 2018

Malaysia, Congo, Chad Want To Join OPEC

Chad who?
(sorry, old joke, wasn't that funny back then either)

From OilPrice:
Chad, Congo, and Malaysia are all lining up to join OPEC, Gabriel Mbaga Obiang Lima, the energy minister of the cartel’s newest member Equatorial Guinea, told Russian outlet Sputnik on the sidelines of the CERAWeek conference in Houston on Wednesday.

In Africa, countries like Chad and Congo are interested in joining OPEC, even though they are not oil exporters at present, Obiang said, noting that new members could make the international community “see OPEC with a new face.”

“The Asian countries — some of them are Indonesia, who initially left OPEC to be observers and now they want to return back and then you have other ones like Malaysia. The countries have already sent a letter, we are evaluating,” Sputnik quoted Equatorial Guinea’s minister as saying.

Indonesia suspected [sic] its OPEC membership in December 2016, less than a year after it had rejoined the organization, because it could not agree on the production cuts the cartel and its non-OPEC partners were discussing....MORE
Although the story doesn't say I believe it is referring to Congo (Brazzaville) rather than the DRC although both are producers.