Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi and Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Haitham Al Ghais held on Sunday a meeting to discuss ways to strengthen the energy sector, particularly energy security.
The discussion was prompted by the rapid regional and international developments affecting global energy markets, aiming to boost the stability of global oil market prices.
The meeting took place during the World Economic Forum (WEF) Special Meeting on Global Collaboration, Growth, and Energy for Development in Riyadh.
Various issues were discussed, with a particular emphasis on OPEC's role in supporting the global oil market. The officials also explored ways to bolster cooperation to serve their common interests, while reviewing the latest regional and international developments.
Albudaiwi commended OPEC's valuable efforts and its major and vital role in maintaining the stability and balance of oil markets. He also acknowledged OPEC's readiness to face future challenges in coordination with member states.
