OPEC bulletin 10/17
F o r u m
Secretary General addresses first
India Energy Forum
OPEC Secretary General,
Mohammad Sanusi Barkindo,
delivered the remarks
published below in a plenary session of the India Energy Forum in New Delhi on
October 10, 2017.
should first like to thank the Government of India, under the
able leadership of Prime Minister Narendra Modi, for hosting
this prestigious, high-level gathering here in New Delhi. It is
always a great pleasure to return to your great country, with its rich
history, culture and traditions. On behalf of OPEC, kindly accept our
best wishes for the forthcoming Du Vali.
This inaugural forum is the first ‘CERAWeek’ to be held in India,
marking a new promising phase of India’s transition to a global eco-
nomic powerhouse — a new India.
This premier energy forum also marks a new stage in the grow-
ing strategic relationship between OPEC and India, and builds on
previous meetings and interactions that we have had so far.
My friend, Hon Minister Pradhan, reminded me during our
OPEC-India bilateral meeting, that within less than a year, we have
already met five times.
As Secretary General, I visited New Delhi on the occasion of the
2016 Petrotech Conference in December of last year. Along with
some of my colleagues from the OPEC Secretariat, we had a series
of high-level productive meetings with government and industry
We again learnt of India’s solid and steadfast support for the
work of the Organization, particularly its ongoing efforts seeking oil
market stabilization, and noted its deep appreciation for the value
of the ongoing OPEC-India Dialogue.
This was followed, earlier this year, on May 22 in Vienna, by the
High-level Meeting of the OPEC-India Energy Dialogue. Attended
by India’s Minister of Petroleum and Natural Gas, Dharmendra
Pradhan, and joined by Indian oil industry leaders, it built on ear-
lier high-level gatherings in a solid and substantive way.
The dialogue between OPEC and India — the relationship that
we celebrate here today — is rather unique given India’s role as one
of the most dynamic countries in the world.
The oil and gas industry, in particular, is expanding rapidly. It is
not only fuelling the country’s vibrant economy, enticing investors
and oil producers from near and far. It is also serving as a ‘focal
point’ for some of the leading joint projects being undertaken by
OPEC’s Member Countries, who recognize India’s unprecedented
Such projects signal India’s rapidly growing importance on the
global energy scene.
India’s economy has been experiencing some of the greatest
structural changes in a generation. A slate of bold new reforms,
embarked upon under the visionary leadership of Prime Minister
Mohammad Sanusi Barkindo (r), OPEC Secretary General, with Daniel
Yergin (l), Vice Chairman, IHS Markit.