Qatari PM and OPEC chief discuss market conditions

Qatari PM and OPEC chief discuss market conditions

Sep 05, 2016
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Qatar’s Prime Minister, H.E. Sheikh Abdullah Bin Nasser Bin Khalifa Al-Thani has met with OPEC’s secretary general, Sanusi Barkindo, to discuss market conditions ahead of the informal OPEC meeting in Algeria later this month.

The meeting was also attended by HE Dr. Mohammed Bin Saleh Al-Sada, Qatar’s Minister of Energy and Industry and current OPEC Conference President.

HE Sheikh Abdullah congratulated HE Barkindo on his new position as OPEC Secretary General and reassured him of “the continued support of Qatar at all times to ensure his success.”

The Qatari Prime Minister expressed confidence that HE Barkindo would work closely with OPEC Member Countries to overcome the current challenges in the interest of all oil producers and consumers.

“The Doha initiative in February and April this year has provided both OPEC and non-OPEC oil producers a platform upon which a credible framework can be further developed to restore oil market stability,” HE Barkindo told Sheikh Abdullah.

Qatar invited OPEC and non-OPEC oil producers for a meeting that was held in Doha in April this year to discuss oil market developments.

The OPEC Secretary General praised the wise leadership of Qatar’s Emir, HH Sheikh Tamim Bin Hamad Al-Thani, and his government for transforming Qatar into “a peaceful, stable and prosperous state.”

HE Barkindo also acknowledged the visionary Presidency of the OPEC Conference by HE Dr. Mohammed Bin Saleh Al-Sada.

A closed-door meeting was held later in the day between HE Al-Sada and HE Barkindo to review oil market developments.

The Secretary General was expected to hold on Monday a tripartite meeting with HE Al-Sada and HE Noureddine Boutarfa, Algeria’s Minister of Energy, who is also currently visiting Qatar.

HE Barkindo was scheduled to later travel from Doha to Tehran to meet with Iranian President HE Hassan Rouhani and Iran’s Minister of Petroleum HE Eng. Bijan Namdar Zanganeh.


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