Second High-Level OPEC-China Roundtable

No --
Beijing, China
24 Oct 2007

The Second High-level OPEC-China Roundtable on Energy was held in Beijing on 24 October 2007. This important event was jointly organised by the National Development and Reform Commission (NDRC) of the People's Republic of China and the OPEC Secretariat.

In attendance from OPEC were Member Country representatives and delegates from the OPEC Secretariat. The Chinese delegation included high level representatives from the NDRC's Energy Bureau, the Departments of National Economy, Transportation and International Cooperation as well as the Ministry of Foreign Affairs. Others included executives from CNPC, Sinopec and CNOOC. The meeting was co-chaired by the Director General of China's Energy Bureau of the NDRC, Mr. Zhao Xiaoping, and the OPEC Secretary General, H.E. Abdalla Salem El-Badri.

The Roundtable builds on the success of the First High-level OPEC-China Roundtable, which was held in April last year at the OPEC Secretariat in Vienna, Austria. The objective of the OPEC-China Dialogue is to establish a continued exchange of views at all levels on energy issues of common interests, in particular, security of supply and demand, within a balanced and pragmatic framework that will ensure a fruitful and long-lasting cooperation between the two parties.

The roundtable, conducted in five sessions, covered the following themes: General Policy covering China's 11th Five Year Energy Development Plan and the role of OPEC in oil market stability; Global economic development with special focus on China; Global oil market outlook with special focus on China; Upstream and downstream developments including cooperation between OPEC Member Countries and China; and Data issues and the outlook for China's transportation over the near-term.

The meeting agreed that the Third High-level OPEC-China Roundtable on Energy will be held next year at the OPEC Secretariat in Vienna.