PUTRAJAYA, 8 June – Malaysia today reaffirmed its commitment to global energy stability and strategic cooperation at the 41st OPEC and Non-OPEC Ministerial Meeting (ONOMM), as oil-producing nations continue to navigate geopolitical uncertainty, supply risks and a changing global energy landscape.
The Malaysian delegation was led by the Minister of Economy, YB Tn Haji Akmal Nasrullah Haji Mohd Nasir, who participated virtually in the meeting convened by the OPEC Secretariat in Vienna, Austria, on Sunday, 7 June 2026 at 3.00 p.m. Vienna time, corresponding to 9.00 p.m. Malaysia time. The hybrid ministerial meeting brought together OPEC and non-OPEC participating countries to deliberate on key matters affecting global oil market stability and long-term supply security.
A key focus of the meeting was the assessment of Maximum Sustainable Capacity (MSC) among participating countries. Malaysia views the MSC framework as an important mechanism to strengthen market transparency, improve production baseline assessments and support more predictable supply planning in the years ahead.
Malaysia also reaffirmed its continued alignment with the Charter of Cooperation (CoC), which builds on the Declaration of Cooperation (DoC) established in 2016. While the DoC provided an effective platform for coordinated market stabilisation, the CoC offers a broader and more structured framework for long-term cooperation, including on technology, emissions reduction and the global energy transition.
As a committed partner within the OPEC+ framework, Malaysia remains supportive of collective efforts to promote market stability and energy security. As both an oil producer and a net energy importer, Malaysia views market stability as essential not only for global confidence, but also for domestic production, investment planning and long-term energy security.
Moving forward, Malaysia will continue to work closely with member countries to deepen cooperation in energy, trade and investment. Malaysia also remains committed to complying with its assigned production target for 2026, while continuing constructive engagement to ensure that any future baseline revisions under the MSC framework remains fair, realistic and reflective of participating countries’ production outlook beyond 2026.
Also present at the meeting were YBhg. Datuk Seri Nor Azmie Diron, Secretary General of the Ministry of Economy; YBrs. Puan Marina Md Taib, Senior Vice President of Corporate Strategy, PETRONAS; and senior officials from the Ministry of Economy and the Embassy of Malaysia in Austria.
— MINUTESMY
— MINISTRY OF ECONOMY
