OPEC seeks partnership with oil-rich Guyana.

1 min read
Source: News Room Guyana
OPEC seeks partnership with oil-rich Guyana.
Photo: News Room Guyana
TL;DR Summary

OPEC is seeking to make Guyana its newest member, as the small South American country has become the world's fastest-growing oil producer. However, Guyana has not yet joined, as it wants to maximize production and profits in the short term. If Guyana joins, it would become OPEC's first new member in five years and the smallest country in the bloc by population. The move is part of OPEC's broader push to bring in new members as it faces competition from producers outside its main sphere of influence.

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