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OPEC


OPEC underscores commitment to Paris Agreement


T 46


he OPEC Fund Director-General Dr Abdulhamid Alkhalifa attended the 177th Meeting of the OPEC Conference in Vienna in December. In addition to the main business


of the conference – taking note of oil market developments, reviewing the market outlook and working toward a stable and balanced oil market – there were also deliberations on the negotiations at the COP-25 United Nations Framework Climate Change Conference in Madrid. The Conference underscored that all OPEC member countries are actively engaged and supportive of the Paris Agreement and stressed that climate change, environmental protection and sustainable development are major concerns for all. The Conference also expressed its sadness on the news of the passing of Dr Fadhil J Chalabi


– an Iraqi economist and one of the petroleum industry’s most respected leaders – who served as Deputy Secretary General of the Organization from 1978-89 and also as Acting Secretary General from 1983-88.


The OPEC Fund and its heritage Though the OPEC Fund was born of OPEC, the two organizations have distinct mandates that do not overlap and a slightly different set of member countries. The OPEC Fund supports development exclusively in non- member countries and the organization’s assistance is entirely independent of the income that member countries receive from their oil resources.


Top: Dr Alkhalifa (left) with Bakir Fattah Hussain (right), Ambassador of Iraq to Austria, and Dr Falah J Alamri, both from the Iraqi delegation; and below, the late Dr Fadhil J Chalabi.


PHOTO: OPEC


PHOTO: OPEC


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