OPEC : Opening Ceremony Remarks by OPEC Secretary General

Opening Ceremony Remarks by OPEC Secretary General

Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the 25th International Caspian Oil and Gas Exhibition and Conference, 29 May 2018, Baku, Azerbaijan.


Honourable President Ilham Aliyev,

Your Excellencies,

Distinguished guests, ladies and gentlemen,

It is truly a great pleasure to be here at the Sangachal Terminal on the Caspian Sea to not only witness the opening ceremony of the important 25th International Caspian Oil and Gas Exhibition and Conference, but also the opening of stage 2 of the magnificent Shah Deniz project.

Mr President, Shah Deniz is clear evidence of your visionary leadership, and the motivation and determination that you and your great people have for the country of Azerbaijan.  This second stage, to support the already flourishing first stage of the project, is a huge multi-billion dollar capital investment and one of the largest integrated energy projects in the world.

It is an inspiring project; one that the whole country of Azerbaijan should be proud of.  It generates significant added value to Azerbaijan’s economy, and more depth to its hydrocarbon sector.

It is also a testament to great partnerships, with the Shah Deniz project operated by BP, and including many oil and gas companies that are from countries in the landmark ‘Declaration of Cooperation’ between 24 OPEC and non-OPEC producing nations.

This obviously includes your own national oil company, SOCAR, as well as the National Iranian Oil Company, Russia’s Lukoil and Petronas from Malaysia.

It is also a partnership that is an exemplary reference for effective and lasting producer and consumer cooperation.  It will enable more Caspian gas resources to flow along the Southern Gas Corridor, and in turn, contribute to global security, in particular in Europe.

As the great Henry Ford once said: “If everyone is moving forward together, then success takes care of itself.”

I was last here in Azerbaijan, only two months ago.  Mr President, I had the great honour of meeting you then, as well as HE Parviz Shahbazov, Minister of Industry and Energy, where we discussed a variety of issues, including the ‘Declaration of Cooperation’.

I would like to reiterate my thanks for your ongoing cooperation with OPEC, and for your support and full-throttled commitment to the voluntary production adjustments, with Azerbaijan consistently one of the highest performing countries in terms of conformity.

It is also a great pleasure to be able to continue our discussions on the possible opportunities for enhancing our collaboration.  I know that we all see value in further institutionalizing the remarkable cooperation that has evolved and flourished through the ‘Declaration of Cooperation’ over the past 18 months.

This has been a true reflection of the committed leadership role your esteemed country has played in the whole process, and your far-sighted appeal for closer engagement among producers to restore oil market stability.

In this ever more complex, interdependent and global market, it is vital that all industry stakeholders work together for sustainable stability that is in the interests of both producers and consumers.

Mr President,

Your Excellencies,

Looking forward to the next two days, on behalf of OPEC, I am honoured to be participating in this landmark edition of the Caspian Oil & Gas conference and exhibition.

To celebrate its 25th anniversary this year, is truly a tremendous achievement.  OPEC congratulates you on this.

I wish everyone involved a successful event.

Thank you for your attention.

HE Mohammad Sanusi Barkindo, OPEC Secretary General, delivers his remarks

HE Mohammad Sanusi Barkindo, OPEC Secretary General, delivers his remarks

HE  Ilham Aliyev, President of Azerbaijan (l), with HE Mohammad Sanusi Barkindo, OPEC Secretary General

HE Ilham Aliyev, President of Azerbaijan (l), with HE Mohammad Sanusi Barkindo, OPEC Secretary General

HE Barkindo, OPEC Secretary General, attends the 25th International Caspian Oil and Gas Exhibition and Conference in Baku, Azerbaijan

HE Barkindo, OPEC Secretary General, attends the 25th International Caspian Oil and Gas Exhibition and Conference in Baku, Azerbaijan