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OPEC bulletin 10/17

Back at the helm

The Secretary General began by congratulating Minister

Del Pino on his recent re-appointment as Venezuela’s

Minister of the People’s Ministry of Petroleum. This was

his first visit to the Secretariat after being re-appointed

to the post on August 24, 2017.

Del Pino had previously served in the role of People’s

Minister of Petroleum and Mining from November

2015 until January 2017. During that time, he was also

President of Venezuela’s national oil company, Petróleos

de Venezuela SA (PDVSA). In 2016, he played a key role

in helping OPEC reach the landmark decisions that led

to the ‘Declaration of Cooperation’.

Key consultations

The Minister briefed the Secretary General on the out-

come of the consultations he had been conducting over

the previous days with several oil and energy ministers

of OPEC and non-OPEC oil-producing countries.

Afterwards, in a separate meeting, the Minister

received a detailed briefing on the latest developments

in the global oil market and an update on the conformity

levels of the participating countries of the ‘Declaration of


Both the Secretary General and the Minister con-

firmed their satisfaction with the continued high level of

commitment of the 24 participating countries to achieve

the full and timely implementation of the ‘Declaration of


Proactive and engaged

Before the meeting concluded, the Minister expressed

his appreciation to the Secretary General and the

Secretariat staff for the warm reception and the inform-

ative and insightful presentations and meetings that

had been arranged for his visit. He also commended

the OPEC Secretariat, under the astute leadership of

the Secretary General, for enhancing the level of excel-

lence in its work.

In his parting words, he encouraged the OPEC

Secretariat, as the face of OPEC’s Member Countries, to

remain engaged and proactive in its efforts, including

through the participation at major international energy


Eng Eulogio Del Pino (l), People’s Minister of Petroleum of Venezuela, with Mohammad Sanusi

Barkindo, OPEC Secretary General.