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24

C o n f e r e n c e N o t e s

1 7 2

n d

M e e t i n g o f t h e C o n f e r e n c e

Alexander Novak, Russian Minister of Energy.

Khalid A Al-Falih, Saudi Arabian Minister of Energy, Industry and

Mineral Resources, and President of the OPEC Conference (r), gave the

recitation in honour of Dr Alirio Parra (l).

been similarly instrumental in pushing these for-

ward with commitment and dedication,” he said.

The Secretary General also praised the role of

Russian Energy Minister, Alexander Novak, who

he described as “the most reliable and depend-

able bridge in this flourishing dialogue between

OPEC and non-OPEC.”

Although some doubted a united position

with regards to the market rebalancing pro-

cess could be found among OPEC Member

Countries, let alone in combination with non-

OPEC producers, the recent decisions have

proved that the extensive deliberations and

consultations paid off. Even after the joint

decision of 10 December was announced,

some naysayers refused to believe that any

reasonable conformity with the produc-

tion adjustments could be reached. But

they were all mistaken, said Barkindo.

He called the ‘Declaration of

Cooperation’ “unparalleled” in history,

adding that given the nature of the mar-

ket downturn, a collective effort was

required. “No one could have done it alone.”