The Organisation of the Petroleum Exporting Countries (OPEC) took part in the 20th edition of the Nigeria Oil and Gas Conference and Exhibition
At the Opening Ceremony, OPEC secretary general, HE Mohammad Sanusi Barkindo, delivered a keynote address on the theme: ‘Global oil market dynamics in a decarbonising world’.
The secretary general, in his recorded remarks as honourary conference chairman, thanked the leadership of Nigeria for its unwavering commitment and continuous support of OPEC over its five-decades of membership. He lauded Nigeria’s contributions to promoting sustainable stability in the global oil market and its influential role in the OPEC and non-OPEC Declaration of Cooperation (DoC).
“OPEC is deeply indebted to HE Muhammadu Buhari, President of Nigeria, for the leading role he has played and continues to play in support of the Declaration of Cooperation process. This historic achievement has ushered in a new era in global energy cooperation,” Barkindo stated.
He added, “Over the last five decades, OPEC and Nigeria have sown the seeds of friendship to build a highly fruitful and mutually beneficial relationship, forging strong ties that will last forever.”
Barkindo stressed the importance of the event, which he noted has risen in stature over the years to become a leading industry event. He also recalled the two industry pioneers whose visionary leadership were responsible for its founding – Dr Rilwanu Lukman of Nigeria and Dr Alirio Parra of Venezuela.
On the conference’s theme, the secretary general pointed out that all forms of energy will be required to meet current and future energy demands, and that recent calls for oil and gas industry divestment are irresponsible and unrealistic.
In this context, the secretary general underlined the major role of innovation, technology and science in the energy industry, which has resulted in cutting-edge solutions such as carbon capture, utilisation and storage (CCUS), as well as hydrogen. These will be viable options for reducing the global carbon footprint, he added.
The secretary general stated OPEC’s intention to return to its birthplace in Baghdad, Iraq, in September of this year to celebrate the Organisation’s Diamond Anniversary. This landmark occasion will celebrate OPEC’s six decades of supporting stability in the global oil market, in the interest of consumers, producers and the global economy.
Nigeria has marked its 50 years of Membership in OPEC on 12 July. For this special occasion, the OPEC secretariat has produced a special issue of the OPEC Bulletin, which takes a retrospective look at Nigeria’s journey as an OPEC Member from 1971 until today. The Secretariat has also produced a documentary film to mark the occasion
