OPEC+ quotas: Africa faces crucial decisions
At the heart of the OPEC+ negotiations, African countries are contesting the proposed quota cuts, fearing their impact on investment.
| Sector | Pétrole |
|---|---|
| Theme | Politique & Géopolitique, Sécurité énergétique |
The next OPEC+ meeting will take place on November 26, against a backdrop of high market volatility and armed conflicts in Europe and the Middle East. This situation exposes the organization’s African members to serious challenges, particularly in the face of proposals to reduce their production quotas. At the June meeting, tense discussions led to an agreement to reduce the 2024 quotas for African countries, unless they could demonstrate increased production capacity.
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