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Dear participants,
Baku Energy Week is an event that continues to go from strength-to-strength and underscores the important role that Azerbaijan plays in bringing regional and global energy stakeholders together.
It is also a forum where all energies are on the agenda, an event that takes a holistic, balanced and realistic approach to evolving future energy pathways. It is a vision that OPEC fully supports.
For petroleum and its related products, imagine a world where they did not exist. It would be one where transportation came to a halt, where food production was devastated, where health services were broken, and where economic growth would go into reverse.
Today, the world continues to consume more oil year after year. In fact, only last year, the consumption of gas, coal and renewables also reached record levels. The world needs more from all energies, given population expansion in the developing world, urbanization, economic growth and the development of new energy intensive industries, such as Artificial Intelligence.
Our energy future needs to be one that delivers energy security, energy availability for all and emission reductions. It is not one over the others. It must be all three.
OPEC also recognizes that delivering all three requires stability. This can be viewed in the actions taken by the Declaration of Cooperation (DoC) between OPEC and non-OPEC producers, with Azerbaijan a key participant.
The DoC, which in December this year celebrates its 10th anniversary, has been vital for global oil market stability, helping the industry navigate through two major downturns, and remains central to helping provide a platform for future industry investments.
Azerbaijan’s continued support of the DoC and sustainable oil market stability, as well as its constructive engagement when hosting COP29 in 2024, underlines it leadership when it comes to developing future energy pathways.
We are sure this will all be on display at Baku Energy Week, and we wish fruitful discussions for everyone in attendance.
Haitham Al Ghais
Secretary General
It is also a forum where all energies are on the agenda, an event that takes a holistic, balanced and realistic approach to evolving future energy pathways. It is a vision that OPEC fully supports.
For petroleum and its related products, imagine a world where they did not exist. It would be one where transportation came to a halt, where food production was devastated, where health services were broken, and where economic growth would go into reverse.
Today, the world continues to consume more oil year after year. In fact, only last year, the consumption of gas, coal and renewables also reached record levels. The world needs more from all energies, given population expansion in the developing world, urbanization, economic growth and the development of new energy intensive industries, such as Artificial Intelligence.
Our energy future needs to be one that delivers energy security, energy availability for all and emission reductions. It is not one over the others. It must be all three.
OPEC also recognizes that delivering all three requires stability. This can be viewed in the actions taken by the Declaration of Cooperation (DoC) between OPEC and non-OPEC producers, with Azerbaijan a key participant.
The DoC, which in December this year celebrates its 10th anniversary, has been vital for global oil market stability, helping the industry navigate through two major downturns, and remains central to helping provide a platform for future industry investments.
Azerbaijan’s continued support of the DoC and sustainable oil market stability, as well as its constructive engagement when hosting COP29 in 2024, underlines it leadership when it comes to developing future energy pathways.
We are sure this will all be on display at Baku Energy Week, and we wish fruitful discussions for everyone in attendance.
Haitham Al Ghais
Secretary General
