In this context, the committee highlighted the immense importance of protecting international sea lanes to ensure the uninterrupted flow of energy. The committee, formed within the 'OPEC+' coalition, also expressed concern over attacks on energy infrastructure, noting that restoring damaged energy assets to full capacity is costly and time-consuming. The Joint Ministerial Monitoring Committee, comprising the UAE, Saudi Arabia, Kuwait, Iraq, Algeria, Russia, Kazakhstan, Nigeria, and Venezuela, held its 65th meeting via video technology. The committee reviewed the current state of the oil market and emphasized the pivotal role of the cooperation agreement in supporting the stability of global energy markets.
