Riyadh: The Secretary-General of the Gulf Cooperation Council (GCC), Jasem Albudaiwi, and the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al Ghais, today held a meeting to discuss ways to strengthen the energy sector, particularly energy security. This discussion was prompted by the rapid regional and international developments affecting global energy markets, aiming to enhance the stability of global oil market prices.

The meeting took place during the World Economic Forum (WEF) Special Meeting on Global Collaboration, Growth, and Energy for Development, held on April 28 – 29. Various topics were discussed, with a particular emphasis on OPEC’s role in supporting the global oil market. The two sides also explored ways to enhance cooperation to serve their common interests, while reviewing the latest developments in the regional and international arenas.

Albudaiwi commended the valuable efforts made by OPEC and its major and vital role in maintaining the stabili
ty and balance of oil markets. He also acknowledged OPEC’s readiness to face future challenges in coordination with member states.

Source: Saudi Press Agency