RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2019-10-04 10:40:00

OPEC, GECF COOPERATION

OPEC, GECF COOPERATION

GECF - OPEC, GECF sign MoU to strengthen cooperation

3 October 2019 Moscow, Russian Federation

The Secretaries General of the Organization of the Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF) today signed an 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 in Moscow on the sidelines of Russian Energy Week.

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.

Areas of cooperation identified in the MoU include energy market monitoring, analysis, modelling and forecasting; energy market research studies covering the short- medium- and long-term, and their methodologies; energy market data and statistics, data and statistical operational topics (such as methodologies of data gathering, assessment and dissemination); energy initiatives and developments aimed at sustainability, along with environmental and social responsibility; and other areas and matters involving common interests and concerns.

OPEC and GECF also agree to cooperate, where possible and appropriate, on the exchange of information and data; hold expert meetings and internal bilateral workshops to promote the exchange of knowledge and experiences; and cooperate on seminars, workshops, conferences and publications.

In addition, OPEC and GECF may further identify any other appropriate means to further their cooperation.

The MoU follows discussions that took place earlier this year between the Secretaries General on the sidelines of the 9th IEA-IEF-OPEC Symposium on Energy Outlooks. The symposium took place at the International Energy Forum (IEF) Secretariat in Riyadh, Saudi Arabia.

At their meeting of 27 February 2019, the Secretaries General recognized the numerous areas of mutual interest to both Organizations, including the fact that they have many Member Countries in common. They emphasized their desire to continue working closely together, both at a high-level, as well as on a technical level.

Algeria, Equatorial Guinea, IR Iran, Libya, Nigeria, the United Arab Emirates and Venezuela are members of both Organizations.

OPEC Member Countries Angola and Iraq are also GECF Observers.

OPEC, based in Vienna, Austria, is an intergovernmental organization with nearly 60 years of successful experience in the coordination and unification of the petroleum policies of its Member Countries and in ensuring the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry. OPEC was created during the Baghdad Conference of 10-14 September 1960 by IR Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.

GECF, with headquarters in Doha, Qatar, is an international governmental organization established with the aim to support the sovereign rights of its Member Countries over their natural gas resources and their abilities to develop, preserve and use such resources for the benefit of their peoples, through the exchange of experience, views, information and coordination in gas-related matters. GECF was established during the First Meeting of Ministers held in Tehran, IR Iran, on 19-20 May 2001.

-----


Earlier:

OPEC, GECF COOPERATION
2019, October, 2, 12:20:00
ОПЕК + РОССИЯ: СТАБИЛИЗАЦИЯ
В настоящий момент, по словам главы Минэнерго России, на мировом нефтяном рынке складывается устойчивая ситуация, что отражается в стабильной цене на нефть в примерно $60 за баррель.
OPEC, GECF COOPERATION
2019, October, 2, 12:15:00
ОПЕК+: ДО 1 АПРЕЛЯ 2020 ГОДА
По словам Александра Новака, последние несколько лет значительное влияние на российский ТЭК оказывал ряд внешних обстоятельств, в первую очередь, речь идет о высокой волатильности нефтяных цен, однако в короткие сроки удалось найти эффективный механизм стабилизации рынка - Соглашение о сокращении добычи нефти между странами ОПЕК и не ОПЕК.
All Publications »
Tags: OPEC, GECF
Chronicle:
OPEC, GECF COOPERATION
2021, August, 4, 12:14:00
HYDROGEN RUSSIA AND CIS, Moscow, 20-21 October 2021
International Conference and Exhibition ‘Hydrogen Russia and CIS’ brings together more than 200 senior executives of hydrogen production plants from Russia and the CIS
OPEC, GECF COOPERATION
2021, August, 4, 12:13:00
ИНВЕСТИЦИОННЫЕ ПРОЕКТЫ УГОЛЬНЫХ ПРЕДПРИЯТИЙ РОССИИ
Команда Восток Капитал подготовила отчет по инвестиционным проектам угольных предприятий России, в котором представлены: Проекты по строительству новых угольных шахт и обогатительных фабрик Проекты по реконструкции существующих угольных разрезов Проекты по строительству и реконструкции морских портов и сопутствующей инфраструктуры
OPEC, GECF COOPERATION
2021, August, 4, 12:10:00
AUSTRALIA'S SANTOS, OIL SEARCH MERGER A$21 BLN
Pro-forma market capitalisation of A$21 billion which would position the merged entity in the top-20 ASX-listed companies and the 20 largest global oil and gas companies
OPEC, GECF COOPERATION
2021, August, 4, 12:05:00
TC ENERGY NET INCOME $982 MLN
TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced net income attributable to common shares for second quarter 2021 of $982 million or $1.00 per share compared to net income of $1.3 billion or $1.36 per share for the same period in 2020.
OPEC, GECF COOPERATION
2021, August, 4, 12:00:00
NOVATEK PROFIT RR 164.4 BLN
Profit attributable to shareholders of PAO NOVATEK increased to RR 99.3 billion (RR 33.07 per share) in the second quarter 2021 and to RR 164.4 billion (RR 54.76 per share) in the six months 2021 as compared to RR 41.6 billion and RR 10.9 billion, respectively, in the corresponding periods in 2020.
OPEC, GECF COOPERATION
2021, August, 2, 12:45:00
OIL PRICE: BELOW $75
Brent slid by 74 cents, or 1%, to $74.67 a barrel, WTI dropped 70 cents, or 1%, to $73.25 a barrel.
OPEC, GECF COOPERATION
2021, August, 2, 12:40:00
ЭНЕРГЕТИКА РОССИИ, ТУРЦИИ
Наиболее динамичной сферой сотрудничества России и Турции остаётся энергетическая отрасль.
All Publications »