Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC), affirmed on Monday that the UAE has a major, important and pivotal role in securing oil supplies around the world, as it is one of the world’s largest oil producers.Â
“Today, we open a new page of cooperation, driving OPEC’s rise to higher levels in the face of future roadblocks, in order to meet the various challenges in the energy arena in general, and the oil markets in particular, where many challenges, whether geopolitical, or COVID-19-related, are still affecting some regions of the world,” Al Ghais said adding that an action plan will be developed in consultation with the OPEC member states and technical committees, in line with OPEC’s long-term strategy.
The OPEC Secretary-General further said that December 2022 will mark six years since the conclusion of the OPEC+ agreement. The UAE, he said, plays a leading role in backing the agreement by laying sound foundations and expanding its cooperation, which supports the interests of the market, consumers and oil-producing countries.
Al Ghais said that the UAE will host the 28th United Nations Climate Change Conference of the Parties (COP28) next year, a platform that will enable OPEC member states to voice their opinions of oil-producing countries on energy transition, to ensure a balanced and fair transition inclusive of all stakeholders around the world, and support optimal energy utilisation.