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    Home > Chemicals Industry > Petrochemical News > OPEC said the approval of the NOPEC Act may put U.S. overseas assets and personnel at risk

    OPEC said the approval of the NOPEC Act may put U.S. overseas assets and personnel at risk

    • Last Update: 2021-07-21
    • Source: Internet
    • Author: User
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      According to foreign news on April 22, the Secretary-General of the Organization of Petroleum Exporting Countries (OPEC) stated that if the United States decides to pass the "Anti-Oil Production and Export Cartel Act" (NOPEC) against OPEC, then the assets and personnel of the United States overseas may be At risk

      OPEC Secretary-General Barkindo (Mohammad Barkindo) said in a letter that member states are encouraged to contact the US government

      "OPEC members must strengthen bilateral diplomatic contacts with the United States to explain the disadvantages of the NOPEC Act to the United States

      "The approval of the NOPEC Act may endanger the United States' overseas interests, including the protection of U.
    personnel and assets

    " The

    House of Representatives The Judiciary Committee introduced a bill this week that would allow the Department of Justice to enforce antitrust enforcement against OPEC member states

    However, it needs to be explained that there is still huge uncertainty about whether this bill can enter the voting process of the whole house


      According to the committee’s spokesperson, the committee passed the NOPEC bill by an oral vote

      According to statistics, in the past 20 years, similar bills have never been successfully implemented in the US Congress during the oil price hike cycle

      Barkindu also said that other disadvantages of the NOPEC Act include: damage to the trade and energy relations between the United States and OPEC oil-producing countries, and may deepen the risk of volatility in the international oil market, which in turn will directly affect US oil-producing states and companies.


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