Haitham Al Ghasi, the Secretary General of OPEC, has expressed his organization’s commitment to working closely with the administration of President Bola Tinubu to bring stability and balance to the global energy market.
The OPEC SG made this promise virtually in his international keynote address during the ongoing Nigeria Oil Gas Energy Week in Abuja.
President Tinubu had in a recent statement called for global energy market stability and quick funding from the United States to help Africa’s leading oil producer accelerate its energy transition plans, while also pledging to meet the country’s climate change goals.
EnergyDay gathered that despite these promises, the Nigeria’s government has continued to hold to views that the country still needs to exploit its hydrocarbons to help provide power to millions of citizens without electricity.
Al Ghasi thanked Nigeria for its role in the organization’s affairs since the country joined OPEC in 1971, adding that the Nigerian government has been generous to OPEC in all its functions and activity.
He emphasized the importance of a fair and inclusive energy transition that considers all voices and circumstances in discussions on climate change and energy transition.
According to him, OPEC is committed to expanding energy access and helping achieve the UN Sustainable Development Goals.
Al Ghasi also highlighted that the industry continues to seek the right balance between meeting the world’s rising energy needs and addressing climate change.
He said that technological innovation will play a critical role in reducing emissions.