Secretary General, Organisation of the Petroleum Exporting Countries (OPEC), His Excellency, Haitham Al Ghais, has reiterated OPEC’s commitment to support market stability and emphasising the need for long-term investment in all energies to meet expected future demand growth.

He also underscored the benefits of dialogue to help navigate market challenges. He spoke yesterday at the 16th High-Level Meeting of the Energy Dialogue between the OPEC and the European Union (EU) at the European Commission Headquarters in Brussels, Belgium.

According to OPEC’s statement, the Meeting was co-chaired by Al Ghais,and HE Dan Jørgensen, European Commissioner for Energy and Housing. It added that the dialogue was first established in 2005, making it OPEC’s longest-standing dialogue.

Since then, the cooperation has included 16 High-Level, five technical and numerous bilateral meetings in both Vienna and Brussels, ten joint studies, the co-hosting of numerous workshops and roundtables and the facilitation of valuable exchanges on energy market outlooks.