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15 Jun 2020

OPEC Secretary General holds video meeting with Norway’s Minister of Petroleum and Energy

Vienna, Austria, 15 June 2020-- HE Mohammad Sanusi Barkindo, OPEC Secretary General, held a bilateral meeting via webinar with HE Tina Bru, Norway’s Minister of Petroleum and Energy. Topics include COVID-19’s impact on the global economy and oil market, the G20 Extraordinary Energy Ministers Meeting, and recent OPEC/non-OPEC Ministerial Meetings. Norway is a key non-OPEC producing country that has had a long and outstanding relationship with OPEC.

HE Bru acknowledged the importance of OPEC in stabilizing the oil Market. “We are all for a stable and well-functioning oil market for the benefit of both producers and consumers,” she said.

The OPEC Secretary General recalled the long history of dialogue and cooperation between OPEC and Norway, including its involvement in informal meetings of high-level experts and technical events. He cited Norway’s “constructive and cooperative role in efforts to ensure oil market stability.”

“Your government’s commitment to multilateral cooperation is especially relevant today, and refreshes our hope that we will emerge from this extraordinary human and economic tragedy stronger and even more united,” HE Mohammad Barkindo told HE Bru.

Norway provided crucial support during the April 10 G20 Meeting, endorsing measures to stabilize the energy market in response to the pandemic. “Our industry faced a common threat that required uncommon action,” the OPEC Secretary General said, citing DoC’s historic market-balancing measures.

“The scale of our response to the market crisis reflects the deep commitment of these countries to ensure stability in the worldwide oil market, and to provide a secure and economical supply of energy for all,” HE Mohammad Barkindo said of the DoC participants.

Going beyond Norway’s global engagement, the OPEC Secretary General also praised the country’s “commendable use of your natural resources for the broader public good; your leadership in innovation, exploration and production; and environmental stewardship.”

The OPEC Secretary General extended an invitation to Norway to attend the OPEC Seminar in June 2021. “I sincerely hope that by next June the worst days of this tragic humanitarian and economic crisis will be behind us, and that we have the honour of welcoming you in person to the OPEC Seminar.”