OPEC Secretary General Haitham Al Ghais has called for an investment of $17.4 trillion to support the oil industry.
During his visit to Tehran on February 5, Al Ghais highlighted the importance of strengthening cooperation between OPEC and Iran, a key member state of the organization.
Al Ghais met with Iranian Oil Minister Mohsen Paknejad to discuss global oil market trends, OPEC’s strategies for market stability, and Iran’s role in the organization. They also addressed key challenges facing the energy sector, such as geopolitical tensions and the transition to renewable energy. Al Ghais stressed the need for unity among OPEC members to navigate these challenges.
Later, Al Ghais visited the Oil Monitoring Center in Tehran, where he was shown Iran’s advanced systems for monitoring oil production and exports, underscoring the country’s technical expertise and its commitment to transparency in the global oil market.
In the afternoon, Al Ghais met with Iranian President Masoud Pezeshkian to discuss broader economic and energy issues. The meeting reinforced Iran’s strategic importance within OPEC and its potential to contribute to the organization’s goals.
President Pezeshkian reiterated Iran’s support for OPEC’s efforts to stabilize the oil market and ensure fair returns for all member countries.
The visit ended with a detailed interview for SHANA, Iran’s leading energy news outlet. Al Ghais discussed the results of his meetings and emphasized the importance of dialogue and collaboration among OPEC members. He stressed the need for a balanced energy transition to ensure that oil-producing nations are not left behind in the global move towards cleaner energy.
Al Ghais also expressed confidence in Iran’s future role within OPEC, praising the country’s expertise and resources as crucial for the organization’s success.
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