Opening Remarks by OPEC Secretary General

Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the Meeting of the Heads of JODI Partner Organizations, 10 April 2018, New Delhi, India.


Excellencies, ladies and gentlemen, colleagues and friends,

It is an absolute pleasure and distinct privilege for me to represent OPEC and participate at this meeting of the Heads of JODI partner organizations.

I look across a room filled with the finest minds and foremost personalities in the global energy industry. To be in the company of a group of leaders who are global visionaries; who demonstrate such statesmanship and diplomatic skill on a daily basis; guiding their Organizations in such commendable ways; it is truly a great honour.

Allow me to commend the leaders of the JODI community, for their foresight and the inspiration they provide for all of us working in our great industry, as well as their contribution to making our Initiative the success that it is. I am proud to have you as colleagues and I am prouder still, to call you friends.

What is particularly heartening about this group of visionary leaders is that they are united in their unwavering commitment to achieving a sustainable oil market stability which is in the interests of producers and consumers alike, with positive repercussions for the global economy. This core conviction lies at the heart of JODI.

And we collectively agree that the most effective antidotes for combatting market volatility are transparency, international dialogue and the exchange of reliable oil data.

For these reasons, OPEC is extremely proud to have played a role in the establishment of JODI and the Initiative continues to have our full support. JODI remains one of the most visible manifestations of the producer-consumer dialogue and continues to make an immense contribution to sharing data and information in an efficient manner. We are wholeheartedly committed to enhancing dialogue among all energy stakeholders and harmonizing global energy statistics.

Our Organization is also supportive of JODI because an integral aspect of OPEC’s ethos is the belief that the most effective means of addressing global challenges is through global stakeholders working together in a collaborative spirit.

No problem was ever overcome by working in silos, rather it is only by intensifying cooperation, reaching out to new partners and never slackening in our resolve that we can achieve a better tomorrow.

The historic “Declaration of Cooperation” between OPEC and its non-OPEC partners is a great vindication of this approach. As a result of the collective efforts and self-sacrifice of these 24 participating countries working in sync, the oil market is in a much healthier state today than it was 16 months ago.

Furthermore, on a daily basis, OPEC, working together with its non-OPEC partners, continues to strengthen and refine the mechanisms for further institutionalizing this cooperation. This has heralded a new dawn in our industry and reaffirmed the fundamental importance of international teamwork and transparency in addressing the challenges of our time.

Therefore it will be no surprise to any of you that OPEC is a passionate advocate for the type of international cooperation which is central to JODI.

The JODI community continues to demonstrate that the global oil transparency challenge can, step-by-step, be effectively surmounted. Additionally, we recognize the value of improvements being sought to address limitations to the extent of the JODI oil and JODI gas databases.

In addition to the oil and gas database enhancements, we hope that other major commodities, such as coal and LNG can be addressed in the near future within the JODI framework.

I would like to conclude by reaffirming OPEC’s strong support for JODI. Strengthening cooperation between energy stakeholders remains an utmost priority for our Organization. After all, we are all on the same boat. And if I may stretch the boat analogy a little further, I’d like to recall the words of the American poet, Ralph Waldo Emerson:

No member of a crew is praised for the rugged individuality of his rowing.

Thank you for your kind attention and I wish us fruitful discussions.

HE Mohammad Sanusi Barkindo, OPEC Secretary General, delivers his remarks at the meeting

HE Mohammad Sanusi Barkindo, OPEC Secretary General, delivers his remarks at the meeting

OPEC Secretary General with officials at the meeting

OPEC Secretary General with officials at the meeting

OPEC Secretary General and his delegation pictured with the participants of the meeting in New Delhi

OPEC Secretary General and his delegation pictured with the participants of the meeting in New Delhi