Mr Zhang Jianhua, Administrator, National Energy Administration, the People\u2019s Republic of China, has lauded the high-level energy dialogue between China and Organisation of Petroleum Exporting Countries (OPEC) Member Countries.<\/p>\n<\/p>\n
Jianhua said the dialogues had jointly maintained global oil market stability.<\/p>\n<\/p>\n
Jianhua made this known at the Sixth High-level Meeting of the OPEC-China Energy Dialogue, held in Beijing, P.R. China, which he co-chaired with OPEC Secretary-General, Mr Haitham Al Ghais.<\/p>\n<\/p>\n
In a statement by OPEC, Zhang said the dialogues helped jointly in consolidating and expanding oil trade between China and OPEC Member Countries, which were both of common interest.<\/p>\n<\/p>\n
He described China and OPEC as important strategic partners.<\/p>\n<\/p>\n
\u201cSince the establishment of the dialogue mechanism between the two parties in 2005, communication on policy has been maintained through round-table meetings and high-level dialogues,\u201d he said.<\/p>\n<\/p>\n
OPEC Secretary-General, emphasised that OPEC attached tremendous importance to its dialogue partnership with China and was determined to reinforce and strengthen it.<\/p>\n<\/p>\n
He noted that the parties had established a balanced, pragmatic framework for cooperation, and developed an ongoing exchange of views at all levels on energy issues of common interest.<\/p>\n<\/p>\n
The secretary-general provided an overview of OPEC\u2019s ongoing activities, together with 10 non-OPEC producing countries, under the \u2018Declaration of Cooperation\u2019 to support sustainable oil market stability, which benefits producers and consuming nations.<\/p>\n<\/p>\n
In an address, the Permanent Representative of the China to the UN and other International Organisations in Vienna, Amb. Li Song, appreciated the stable cooperation and long-term communication between OPEC and China.<\/p>\n<\/p>\n
Li said this contributed positively to the global economy and energy security.<\/p>\n<\/p>\n
The envoy envisaged that China\u2019s new phase of development would open up opportunities for OPEC and its Member Countries in terms of market access, energy transition and shared prosperity.<\/p>\n<\/p>\n
Experts from both sides exchanged perspectives on the oil market outlook in the short-, medium- and longer-term, and the ongoing \u201cDeclaration of Cooperation\u201d process, addressing sustainable development, prospects for the energy transition and other topics of mutual interest.<\/p>\n<\/p>\n
Both parties are committed to strengthening cooperation going forward, particularly within the realm of information and data sharing, technological exchange and addressing issues related to the energy transition.<\/p>\n<\/p>\n
The Seventh High-level Meeting of the OPEC-China Energy Dialogue is scheduled to take place at a convenient time in 2024.<\/p>\n<\/p>\n
Source: News Agency of Nigeria<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
Mr Zhang Jianhua, Administrator, National Energy Administration, the People\u2019s Republic of China, has lauded the high-level energy dialogue between China and Organisation of Petroleum Exporting Countries (OPEC) Member Countries.Jianhua said the dialogue…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"\n