OPEC Secretary General: Cooperation is the Key Ingredient to Addressing Future Energy Challenges

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VIENNA, May 28, 2018 /PRNewswire=KYODO JBN/ --

    His Excellency, Mohammad Sanusi Barkindo, stresses the importance of

dialogue and cooperation between oil industry stakeholders in order to achieve

a stable and sustainable energy future. Through its theme 'Petroleum -

Cooperation for a Sustainable Future', the 7th OPEC International Seminar

provides a high-level forum for the exchange of ideas and perspectives, while

confronting the major issues facing the global oil and gas industry.

    In the run-up to the 7th OPEC International Seminar from 20-21 June 2018 at

the Hofburg Palace in Vienna, OPEC Secretary General, HE Mohammad Sanusi

Barkindo, emphasizes the need for cooperation between relevant stakeholders in

view of the so-called 'new energy era': "We chose this year's theme 'Petroleum

- Cooperation for a Sustainable Future' because it confronts one of the key

questions of our time: While it is clear that all forms of energy will be

needed in the future, it is also evident that fossil fuels will continue to

play a dominant role in meeting the ever-rising demand for energy. Thus, we

will gather energy ministers from OPEC Member Countries, non-OPEC producing and

consuming nations as well as high-ranking representatives from international

companies and organizations, leading scientists and energy experts at the

Seminar in order to discuss the contribution of petroleum to a stable and

sustainable global energy future," states HE Barkindo.

    The Seminar's two-day programme will provide a unique, high-level forum in

which the major issues of the day will be discussed, including industry

investment, the role of technology and innovation, as well as sustainability

and the future of oil.

    'Declaration of Cooperation' as a model process

    Enhanced dialogue and cooperation between oil industry stakeholders

constitute the key ingredients to a successful future and characterize the

landmark 'Declaration of Cooperation' between 24 OPEC and non-OPEC oil

producing countries as a model process.

    "In an increasingly interdependent and complex world, we all need to work

towards a more integrated industry. We need to continually break down barriers,

as we cannot work in silos. This has become reality in the 'Declaration of

Cooperation', which is a historic achievement that has helped to accelerate

market rebalancing and enhance stability," says the Secretary General.

    "I am confident that this year's Seminar, with its many highly

distinguished speakers and panelists, will bring to the forefront potential

solutions to some of the industry's most pressing challenges, while also

enhancing and expanding avenues of dialogue and cooperation," concluded HE

Barkindo.

    7th OPEC International Seminar

    20-21 June 2018

    Hofburg Palace

    Vienna, Austria

    Registration for the event is now open at:

https://www.opecseminar.org/opec-seminar-ticket-registration.htm to secure

limited seats to this event. Students are eligible for special ticket rates.

    For more information and updates, visit http://www.opecseminar.org .

    About the OPEC International Seminar

    The OPEC International Seminar is one of the premier events on the world

energy calendar. The first OPEC Seminar was held in Vienna in 1969, with the

Seminars increasing in size and scope over the years, not only embracing

petroleum-related topics, but other issues such as global finance, sustainable

development and the environment. The current OPEC International Seminar series

began in 2001 and has provided fresh impetus to key industry issues and

developed existing and new avenues of dialogue and cooperation.

    About OPEC

    The Organization of the Petroleum Exporting Countries (OPEC) is a

permanent, intergovernmental organization that was founded in 1960. OPEC

currently has 14 Member Countries (Algeria, Angola, Ecuador, Equatorial Guinea,

Gabon, IR Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab

Emirates, Venezuela) and is headquartered in the Austrian capital of Vienna.

    Media Accreditation 7th OPEC International Seminar

    Ms. Franziska Peterlik

    Administration & Coordination

    Email: opecseminar2018@eventplan.at

    Tel: +43-660-200-3071

    OPEC Seminar Contact

    Ms. Hind Zaher

    PR Specialist

    Email: seminar@opec.org

    Tel: +43-211-123-312

SOURCE: OPEC International Seminar