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The Secretariat of the Organization of the Petroleum Exporting Countries (OPEC) and Energy Charter Secretariat (ECS) agree to develop closer cooperation

On 13 March 2017, OPEC Secretary General Mr Mohammad Sanusi Barkindo hosted a meeting with Energy Charter Secretary General Dr Urban Rusnák at the OPEC headquarters in Vienna Austria.

The meeting began with the acknowledgement that Nigeria, a long time OPEC member, has just recently signed the International Energy Charter becoming the third member of OPEC to adopt this political declaration, following Iraq and Iran. The International Energy Charter can be a useful tool in order to attract investment, create standardised policy frameworks, and to adopt best practices from the industry. 

During the meeting, Dr Rusnák elaborated on the point that the appeal of the International Energy Charter is that it does not impose itself on any country and allows national bodies complete control over their natural resources and fuel choices. He also pointed out that OPEC and the International Energy Charter are aligned in the belief that energy security deserves a holistic approach equally involving security of supply, demand, transit, and universal access. 

Mr Barkindo confirmed the critical importance of universal access due to the fact that 2 billion people are still without proper energy access in the world today. Large challenges lay ahead in a constantly changing energy world and OPEC and the International Energy Charter will strive for further concrete cooperation. Mr Barkindo invited the Energy Charter Secretariat to participate at upcoming OPEC events and Dr Rusnák extended an invite for OPEC to join the Energy Charter Conference at the end of this year in Ashgabat, Turkmenistan

While in Vienna Dr Rusnák met with officials of the Austrian Federal Ministry of Science, Research and Economy,  visited the OSCE and the Energy Community Secretariat.