

In September of this year, we celebrated a monumental milestone, the golden anniversary of Nigeria joining OPEC in 1971. Angola currently holds the Presidency of the OPEC Conference and will be succeeded by Congo next year. We recognize that the challenges of our age, require the international community to lift each other up and support each other.Īfrican countries have historically assumed strong, proactive leadership roles in OPEC. Our statute commits us to multilateralism and cooperation with all stakeholders in the energy industry.
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In this context, OPEC full heartedly supports the spirit of cooperation and fraternity among nations that undergirds this conference. This is particularly the case for a global economy still reeling from the devastating effects of the COVID-19 pandemic. OPEC does not seek stability for stability’s sake: rather we are acutely conscious of the broader social and economic benefits for all which come as a result of sustainable oil market stability. The objective of the ‘Declaration of Cooperation’ can be summarized in just four words: sustainable oil market stability. Indeed, the ‘Declaration of Cooperation’ has enabled the oil industry to withstand and recover from both the severe oil market downturn of 2014-2016 and the unprecedented oil market contraction following the outbreak of the COVID-19 pandemic. Signed on 10 December 2016, the ‘Declaration of Cooperation’ between OPEC and 10 non-OPEC Producing Countries is a pioneering framework for multilateral energy cooperation and continues to contribute greatly to the post-pandemic economic recovery as a vital stabilizing force in the global oil industry. At OPEC, we hope that our current efforts with 10 non-OPEC oil producing countries, under the ‘Declaration of Cooperation’ process, displays similar characteristics of good neighbourliness, respect for diversity and a desire to act as responsible members of the international community. Teranga has made Senegal an example to the rest of the world, a bastion of tolerance, good neighbourliness and shared community.


It unites people, irrespective of their background, around their shared humanity. Teranga is a way of life, defined by a generosity of spirit, an openness and willingness to make everyone feel welcome, regardless of nationality, colour, creed, or class. Senegal is known as the ‘ Land of Teranga,’ and while this is sometimes translated into English as ‘hospitality,’ I know first-hand from my Senegalese friends, it means so much more. However, such is the power of the world-famous Senegalese ‘teranga,’ I feel the warmth of your welcome 3,000 miles away here in Vienna. It is regretful that due to the severity of the COVID-19 pandemic in Europe, where the OPEC Secretariat is located, here in Vienna, Austria, I cannot attend the MSGBC conference in person. Our congratulations go to the Minister and her team, the event sponsors and organizers, and all involved who have ensured this is a prestigious and historic event.

I would like to thank HE Aissatou Sophie Gladima, Minister of Petroleum and Energy, for the gracious invitation to address this distinguished gathering and such an illustrious lineup of speakers, participants and attendees. We commend the wise leadership of HE Macky Sall, President of Senegal, for holding such a forward-looking and innovative conference at what is a critical juncture for the energy industry, not only in Mauritania, Senegal, The Gambia, Guinea Bissau and Guinea Conakry, but across the African continent and indeed the globe. It is a distinct honour to address the MSGBC Oil, Gas and Power Conference and we send our warmest greetings to all participants and delegates. President, Excellencies, distinguished delegates, ladies and gentlemen, Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the MSGBC Oil, Gas and Power Conference and Exhibition held in Dakar, Senegal, 16 December 2021.
