OPEC–Non-OPEC Cooperation Agreement Marks Nine Years

10 Dec OPEC–Non-OPEC Cooperation Agreement Marks Nine Years

Established to enhance market stability and support balanced oil markets
London, December 10, 2025, (Oilandgaspress) ––The landmark Declaration of Cooperation (DoC) between OPEC Member Countries and 10 non-OPEC oil-producing countries turns nine today.

It was nine years ago, on this historic day, that OPEC Member Countries and Azerbaijan; the Kingdom of Bahrain; Brunei Darussalam; Equatorial Guinea, which later joined OPEC; Kazakhstan; Malaysia; Mexico; the Sultanate of Oman; the Russian Federation; the Republic of Sudan; and the Republic of South Sudan met in Vienna, Austria, to discuss recent global oil market developments and look at possible means to restore a sustainable oil market stability.

The meeting led to the birth of the DoC. This followed extensive rounds of consultations in the previous months of 2016, which included developments such as the ‘Algiers Accord’ on 28 September at the 170th (Extraordinary) Meeting of the OPEC Conference in Algiers and the ‘Vienna Agreement’ on 30 November at the 171st Meeting of the OPEC Conference in Vienna.

The DoC saw the producers present uphold their responsibility for oil market stability in the interest of all oil producing and consuming countries. It demonstrated a commitment to the global community to help restore and sustain oil market stability with positive and broad implications for the world economy. This commitment has continued in the nine years since.

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