Opec+ is entering a new era with an agreement for a third-party assessment of each member state’s production capacity (MEES, 5 December). But with a US firm set to be awarded the contract to carry out the assessments, there is a complication. Three members – Iran, Venezuela and Russia – are all subject to US sanctions, and so alternative arrangements have been established for them to still participate in the process.
Each country was provided with two options on how to proceed. (CONTINUED - 198 WORDS)
