OPEC, GECF sign MoU

The Secretaries General of the Organization of the Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF) today signed a Memorandum of Understanding (MoU) to strengthen cooperation in research and the sharing of best practices.
HE Mohammad Sanusi Barkindo, Secretary General of OPEC, and his GECF counterpart, HE Yury Sentyurin, signed the MoU on the sidelines of the Russian Energy Week forum in Moscow.

“We look forward to utilize the framework we signed today in our MoU to deepen discussions, as well as undertake joint work and actions, in the interest of our members, entire industry, and the global economy”, Mr Barkindo said at the signing ceremony. “It is the mainstream consensus that oil and gas together will continue to be the fuel of choice for the foreseeable future. In fact, most projections validate that oil and gas will continue to dominate energy basket.”

Mr Barkindo echoed the remarks of Mr Sentyurin that today’s signing ceremony is a milestone in the evolving productive relationship between OPEC and GCEF that started two years ago.

The purpose of the MoU is to establish and strengthen cooperation in order to carry out activities and share experiences, views, information and best practices in areas of mutual interest.

Source / More : OPEC

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