OPEC Secretary General visits Oman

No 10/2003
Vienna, Austria
16 Jun 2003

Official visit by OPEC Secretary General to the Sultanate of Oman, June 14–16, 2003

We are all in the oil business together and we all have a duty to ensure that the oil market remains in good shape at all times — this was the principal message to emerge from an official visit by the Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), HE Dr Alvaro Silva-Calderón, to the Sultanate of Oman from June 14–16, 2003.

The visit was at the invitation of Oman’s Minister of Oil and Gas, HE Dr Mohammed bin Hamad Al-Rumhy. It also saw Dr Silva-Calderón entering into cordial and fruitful discussions with other high-level representatives of the Omani Government.

“The stabilization of the world oil market is the common task of all leading oil producers and consumers, in order to guarantee a reliable supply of crude oil at reasonable prices, without any unjustified or abrupt disruptions,” HE Dr Silva-Calderón said.

“We are all in the oil business together and we all have a duty to ensure that the industry functions effectively and that the oil market remains in good shape at all times,” he added.

“In order to achieve the objective of stabilizing the oil market and defending the legitimate interests of all oil-producing nations, it is not only appropriate, but also necessary, to co-operate with each other.”

The visit followed the 125th (Extraordinary) Meeting of the OPEC Conference, which was held in Doha, Qatar, on June 11. HE Dr Al-Ruhmy expressed his gratitude at being invited to attend this Meeting, on behalf of his country, as an observer.

A new initiative of institutionalizing a working breakfast between OPEC and non-OPEC oil-producing countries before the twice-yearly Ordinary Meetings of the OPEC Conference has been warmly welcomed by all concerned, since it provides an excellent and timely opportunity to analyse the latest developments in the world oil market and to exchange ideas, as well as to explore ways in which co-operation between OPEC and non-OPEC oil producing nations might be further strengthened in the future.

HE Dr Al-Rumhy and HE Dr Silva-Calderón both emphasized how much they welcomed the chance to improve the already excellent relations between the Sultanate of Oman and OPEC, and they agreed on the need to seek fresh and more substantive ways of benefiting from co-operation in the furtherance of their common interests.