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OPEC and IEA Heads Discuss Energy Consumption and Production

International Energy Agency (IEA) Executive Director Nobuo Tanaka and Organization of Petroleum Exporting Countries (OPEC) Secretary General Abdalla Salem El-Badri met in Paris, France, to, in the words of El-Badri, “share ideas and discuss various aspects of the energy scene with the IEA.

In particular, such dialogue enables both the IEA and OPEC to gain an even broader understanding of the oil market from the consumer's and the producer's perspectives.”

 

Topics of discussion included: oil market developments; the impact of financial markets; outlook and investment; energy efficiency; continued co-operation within the Joint Oil Data Initiative (JODI); preparations for the International Energy Forum Ministerial meeting on 20-22 April in Rome; and OPEC participation in the IEA energy technology collaboration network, including carbon capture and storage.

OPEC Secretary General's Visit to IEA Underscores Shared Commitment to Dialogue