Three more countries applied to join OPECStaff Writer | March 8, 2018
Congo, Chad and Malaysia have filed applications to join the Organization of the Petroleum Exporting Countries (OPEC), Equatorial Guinea’s Minister of Industry, Mines and Energy Gabriel Mbaga Obiang Lima said.
Oil exploration Congo, Chad and Malaysia
The official added that new members would 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,” the minister explained.
The minister also said that OPEC in general supports Venezuela’s proposal to extend the work of the OPEC, non-OPEC oil market monitoring by additional five years, Sputnik reported. ■