Baghdad, June 18 (BNA): Dr. Muhammad bin Mubarak bin Dinah, Minister of Oil and Environment and Special Envoy for Climate Affairs, participated in the celebration of the 63rd anniversary of the founding of the Organization of Petroleum Exporting Countries (OPEC). Which was held in Iraq, under the auspices of Mohammed Shaya Al-Sudani, Prime Minister of Iraq.
The minister affirmed the Kingdom of Bahrain’s keenness to participate in global events and activities aimed at strengthening relations with various parties in the oil, gas and petrochemical industries. Noting the prestigious position that OPEC has reached, as one of the most prominent and important global organizations.
He said that the establishment of OPEC in 1960 represented a turning point in energy markets and production, as it strengthened oil decisions and policies, and contributed to the stability of oil markets and securing oil supplies to all consumers at competitive prices.
He added that the signing of the articles of incorporation for the establishment of OPEC in 2023 came to confirm the commitment of members to maintaining the stability of global oil markets.
The minister expressed his appreciation to Iraq for hosting the celebration in the same hall where the signing of the founding of OPEC in 1960 was signed by the five member states, namely Iraq, Saudi Arabia, Iran, Kuwait and Venezuela, noting the expansion of the organization since then to include 13 oil-producing countries.
He wished the organization continued success in pursuing its goal of maximizing benefits from and protecting natural resources.
HF
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