On 9 November 2020, the Organization of the Petroleum Exporting Countries (OPEC) invited the Energy Charter Secretariat to present the third edition of its flagship publication, the Energy Investment Risk Assessment (EIRA). The EIRA report aims to assist policymakers in reducing policy, regulatory and legal risks to investments in the energy sector.
Dr. Ayed S. Al-Qahtani, the Director, Research Division and Chairman of the Academic Committee, opened the session. Mr Leonardo Sempértegui, General Legal Counsel at OPEC, chaired the meeting, through the delegation of the OPEC Secretary-General. The presentation was attended by the OPEC Energy Studies Department, Petroleum Studies Department, Data Services Department and Environmental Matters.
OPEC was established in 1960 as a permanent intergovernmental body. The mission of OPEC is to ensure the stabilisation 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. Four of the thirteen OPEC member countries, namely Iran, Iraq, Nigeria, and the United Arab Emirates, have signed the International Energy Charter and are Observers to the Energy Charter Conference.