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15 Sep 2017

OPEC Secretary General meets with new Venezuelan Oil Minister

OPEC Secretary General, HE Mohammad Sanusi Barkindo, met today with HE Eng. Eulogio Del Pino, Minister of the People’s Ministry of Petroleum of Venezuela at the OPEC Secretariat in Vienna, Austria.

The Secretary General welcomed the Minister and his accompanying delegation to the OPEC Secretariat and expressed his congratulations to the Minister on his recent re-appointment as Venezuela’s Minister of the People’s Ministry of Petroleum. This was the Minister’s first visit to the Secretariat after his re-appointment on 24 August 2017.

HE Del Pino had previously served in the role of People’s Minister of Petroleum and Mining from November 2015 until January 2017. During his time as Minister, HE Del Pino was also President of Venezuela’s national oil company, Petróleos de Venezuela S.A. (PDVSA). In 2016, he played a key role in helping OPEC reach the landmark decisions that led to the Declaration of Cooperation.

The Minister expressed his appreciation to the Secretary General for the warm welcome and commended the OPEC Secretariat, under the able leadership of the Secretary General, for enhancing the level of excellence in its work.

The Minister then received a thorough briefing on the current global oil market outlook and prospects, including reports on conformity of participating countries of the Declaration of Cooperation.

The Minister briefed the Secretary General on the outcome of the consultations he had been undertaking in the previous days with several oil and energy ministers of OPEC and non-OPEC oil producing countries, adding that, as the face of OPEC’s Member Countries, the OPEC Secretariat must remain proactive in its efforts, including through the participation at major international energy fora.

Both the Secretary General and the Minister acknowledged with satisfaction the continued high level of commitment of the 24 participating countries to the full and timely implementation of the Declaration of Cooperation.