The Ministry of Mines and Hydrocarbons, representing the Government of Equatorial Guinea, has called for unity among oil producing ahead of this week’s 175th ordinary meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna.

The meeting will be a critical juncture for the organization as it grapples with declining oil prices and a decision whether to prolong production cuts which stabilized global oil markets and brought the industry back from collapse. Equatorial Guinea said it stands with OPEC and Non-OPEC countries, pledging continued support to the strong leadership demonstrated by its members and H.E. Mohammed Barkindo in a complex period for the oil and gas industry.

“Never in the history of the oil industry has unity among producing nations been more important. We call on oil producers to stand together and in solidarity with OPEC and under the leadership of our brother H.E. Barkindo, in our efforts to maintain balance and stability in oil markets,” said, H.E. Gabriel Mbaga Obiang Lima, minister of mines and hydrocarbons of Equatorial Guinea.

Source: World Oil