OPEC Secretary General Haitham Al-Ghais expressed his gratitude to Algerian President Abdelmadjid Tebboune for his wise guidance to the organization. Al-Ghais met with President Tebboune on the 10th anniversary of the Algiers Agreement, a historic deal that has had a lasting impact on the oil market. The Secretary General praised the President's leadership and support for OPEC, saying it has been instrumental in promoting stability in the global oil market.
Al-Ghais noted that the Algiers Agreement, which was signed 10 years ago, remains a significant milestone in the history of OPEC. He emphasized that the agreement's success is not just about data, but about the trust and cooperation among member countries. The Secretary General also highlighted the importance of dialogue and cooperation in achieving stability in the oil market, saying that these elements are crucial in times of crisis.
The OPEC Secretary General stressed that investment, supply security, and economic stability are closely linked to the stability achieved through the OPEC+ agreement. He added that the need for dialogue and cooperation has not diminished, but has become even more important than ever. Al-Ghais also praised Algeria's consistent support for OPEC and its role in promoting stability in the global oil market.
Al-Ghais recalled that the Algiers Agreement demonstrates that even in difficult times, cooperation is possible. He said that this legacy should be remembered on the 10th anniversary of the agreement. The Secretary General also expressed his appreciation for the Algerian government's commitment to supporting dialogue and stability in the global oil market.
The OPEC Secretary General thanked President Tebboune and the Algerian government for their support and guidance. He also praised Algerian Minister of State for Energy and Mining, Mohamed Arkab, for his role in managing OPEC's affairs. Al-Ghais emphasized that Algeria's support has been crucial in promoting stability in the global oil market.
The meeting between Al-Ghais and President Tebboune took place on a significant day, marking the 10th anniversary of the Algiers Agreement. The agreement has had a lasting impact on the oil market, promoting stability and cooperation among member countries. The OPEC Secretary General's visit to Algeria highlights the country's importance in the organization and its role in promoting stability in the global oil market.
The Algiers Agreement has been instrumental in promoting stability in the oil market, and its impact is still felt today. The agreement has demonstrated that cooperation and dialogue among member countries can lead to stability and prosperity. As the global oil market continues to evolve, the principles of the Algiers Agreement remain relevant, and OPEC will continue to work towards promoting stability and cooperation among its member countries.
Key points
- OPEC Secretary General Haitham Al-Ghais praises Algerian President Abdelmadjid Tebboune for his guidance and support to the organization.
- The Algiers Agreement, signed 10 years ago, remains a significant milestone in the history of OPEC, promoting stability and cooperation among member countries.
- The OPEC Secretary General emphasizes the importance of dialogue and cooperation in achieving stability in the oil market.
