OPEC Secretary General calls relations with Russia very strong partnership
OPEC pays special attention to the oil market and its stability, with Russia having played a fundamental role in this regard for many years, Haitham Al Ghais noted
MOSCOW, October 16. /TASS/. OPEC Secretary General Haitham Al Ghais has described the organization's relations with Russia as a very strong partnership, and an example of how interaction in the energy sector should be built.
"I would call the relationship with Russia a very strong partnership, and a good example of how energy cooperation should be built in the future," he said in an interview with the Rossiya-24 TV channel on the sidelines of the Russian Energy Week forum.
OPEC pays special attention to the oil market and its stability, with Russia having played a fundamental role in this regard for many years, the OPEC chief noted.
Within the OPEC+ format, joint work is underway to maintain energy market stability because oil is key to the global economy, he said. "Everything we see today revolves around it: transportation, shipping, cargo transportation, aviation, the petrochemical industry, pharmaceuticals, the food industry, and agriculture. Even renewable green energy that everyone is talking about so much these days, depends on petrochemicals and their derivatives. Therefore, oil should be a stable commodity, without fluctuations and volatility," Secretary General said.
OPEC+ has made significant progress in stabilizing the oil market largely thanks to its cooperation with Russia, he added.
The 8th Russian Energy Week (REW) international forum is taking place in Moscow from October 15 to 17 at two venues: the main discussions are hosted at the Manezh exhibition hall, while an exhibition of fuel and energy technologies and equipment is held at Gostiny Dvor. The theme of this year's forum is The New Reality of Global Energy: Building the Future. TASS serves as the information partner of REW.