Economy Country January 26, 2025

Gulf Cooperation Council Leads Oil Production in 2023

In 2023, the Gulf Cooperation Council solidifies its position as the world's largest producer of oil, boasting significant reserves and natural gas exports.


Gulf Cooperation Council Leads Oil Production in 2023

During the meeting of the International Council of the countries of the Persian Gulf, the largest producer of oil and reserves of natural gas in the world, was set for 2023. The prospects of the energy sector of the associated countries look quite promising.

Absolute leadership in oil production and reserves, as well as in the export of natural gas has been achieved by the countries of the Council. The projected stability and long-term prospects in the energy sector make them one of the key players in the global market.

"We recognize the importance of our role in ensuring the stability of energy supplies at the global level," noted the representative of the Council at the press conference. "We are ready to continue collaborating with partners worldwide to ensure the sustainability of the energy market and meet the needs of our consumers."