The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), His Excellency Mohammad Sanusi Barkindo, welcomed the newly appointed Minister of Energy, Algeria and OPEC President, His Excellency Abdelmadjid Attar via an e-meeting held earlier today.
The purpose of the meeting was to welcome the new president, discuss the recent developments in the global oil market and to discuss the implementation progress of recent resolutions of the OPEC Conference and the OPEC and non-OPEC Ministerial Meetings.
In his welcome address to the President, Barkindo said:
“Excellency, in these extraordinary times, it is extremely important to have enlightened and experienced leadership to guide our vessel through turbulent seas towards safe and secure land. In this regard, we welcome you serving as Algeria’s Head of Delegation and President of the OPEC Conference, to draw on your very rich experience in the oil sector.”
On the global oil market and the efforts of the OPEC+ to aid the stabilization and recovery of the market, the Secretary-General said
“OPEC and its non-OPEC partners of the Declaration of Cooperation (DoC) have extended much-needed support through their decisive set of actions on the supply side. Despite the significant prevailing challenges expected to be with us in the months ahead, we remain optimistic that through hard work, solidarity and a continued focus on multilateral stakeholder engagement, we will once again return to a stronger, more stable oil market, a growing economy and prosperity for the world’s citizens.”
Abdelmadjid Attah, the former CEO of Sonatrach and erstwhile Minister of Water Resources, was appointed Minister of Energy after a cabinet reshuffle by the government of Algeria last month
The OPEC President spoke on the history of oil crises and praised how OPEC has always overcome them highlighting that this wouldn’t be any different. The president also welcomed the invitation to hold the 60th Anniversary of OPEC in the capital of Iraq, Baghdad, the birthplace of the Organisation.
