Friday , 27 April 2018

Barkindo extols Saudi Arabia’s leadership in OPEC

HE Mohammad Sanusi Barkindo, Secretary General, Organisation of Petroleum Exporting Countries, OPEC, has extoled the leadership roles of Saudi Arabia in OPEC.

Speaking at the 8th IEA-IEF-OPEC Symposium on Energy Outlooks, Barkindo stated that: ‘’Allow me first to acknowledge with sincerest gratitude His Royal Highness Prince Abdulaziz bin Salman Al Saud. I would like to thank him and Saudi Arabia’s esteemed delegation to OPEC for their ongoing leadership, and the pivotal role they continue to play within our Organization.

‘’Saudi Arabia’s leadership role has never been more evident than during the last year, when it assumed the Conference Presidency in 2017 and helped author a new chapter in the history of the international oil industry.

‘’Indeed, we witnessed the dawning of a new age of collaboration, as 24 OPEC and non-OPEC participating producers voluntarily made significant progress in advancing the mandate of the ‘Declaration of Cooperation’, bringing us, step-by-step, closer to our common goal of the return of a balanced, stable and healthy oil market in the interest of the global economy.’’

He added that: ‘’Our success last year would not have been possible without the extraordinary efforts and dedicated leadership of HE Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources.

‘’In his capacity as President, he was instrumental in ensuring that these noble efforts remained on track throughout the year. His vast industry experience and wisdom were extremely effective during the many high-level meetings and shuttle diplomacy he conducted on behalf of this process.

‘’The ‘Declaration of Cooperation’ will continue to benefit from his expertise and vision in the months ahead, with HE Al-Falih now serving as Chairman of the Joint Ministerial Monitoring Committee, the JMMC, in 2018.’’




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