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Friday, May 19, 2023

OPEC-China dialogue avenue for global oil market stability: Official

Since establishing the dialogue mechanism between the two parties in 2005, communication on policy has been maintained.

• May 19, 2023
OPEC
OPEC

Zhang Jianhua, China’s administrator for the National Energy Administration, has lauded the high-level energy dialogue between China and the Organisation of Petroleum Exporting Countries (OPEC) member countries.

Mr Jianhua said the dialogues had jointly maintained global oil market stability.

He disclosed this at the Sixth High-level Meeting of the OPEC-China Energy Dialogue, held in Beijing, which he co-chaired with OPEC Secretary-General, Mr Haitham Al Ghais.

In a statement by OPEC, Zhang said the dialogues helped jointly consolidate and expand oil trade between China and OPEC member nations, which were both of common interest.

He described China and OPEC as important strategic partners.

“Since 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,” he said.

(NAN)

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