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The Ministry of Oil issues a statement regarding Baghdad's hosting of the celebration of the founding of OPEC
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Economy News _ Baghdad
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Added 06/14/2023 - 12:29 PM
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Economy News _ Baghdad
Today, Wednesday, the Ministry of Oil issued a statement on the occasion of Baghdad's hosting of the celebration of the 60th anniversary of the founding of the Organization of Petroleum Exporting Countries (OPEC).
A statement of the ministry, received by "Al-Iqtisad News", stated that "the capital, Baghdad, will host the celebration of the 60th anniversary of the founding of the Organization of Petroleum Exporting Countries (OPEC), in the People's Hall, which witnessed on September 14, 1960 the signing by five oil-producing and exporting countries, namely: Iraq and the Kingdom." Saudi Arabia, the Islamic Republic of Iran, the State of Kuwait and the Republic of Venezuela, to declare the independence of the decision in the management of oil resources and to break the monopoly of foreign companies.
He added, "This occasion was scheduled to be celebrated in September of 2020 in the People's Hall in the capital, Baghdad, but the celebration of this historic event was postponed several times due to the Corona pandemic and its effects on public health and travel," noting that "in the interest of Iraq and OPEC, to revive the occasion." And its celebration in Baghdad, to reaffirm the importance of solidarity and unity among member states for the stability and balance of the global oil market.
The statement stated, "The Iraqi government and the Ministry of Oil welcomed the hosting of this celebration in Baghdad, 63 years after the emergence of OPEC from Baghdad."
The Deputy Prime Minister for Energy Affairs - Minister of Oil, Hayan Abdul-Ghani, emphasized "the importance of holding the celebration in Baghdad, more than 6 decades after the founding of OPEC, and he welcomed the guests of Iraq from the members of the Organization of Petroleum Exporting Countries to Baghdad, the House of Peace, the Baghdad of civilization and history."
He praised the "Joint Cooperation and Solidarity Agreement (for OPEC Plus)," expressing "Iraq's pride and its people in hosting ministers and delegations of OPEC member states, and celebrating together, in the People's Hall in Baghdad, the achievements made over the past decades."
He stressed "the necessity of strengthening and consolidating the spirit of joint action to achieve the goals of the organization in drawing up a distinguished and promising economic future for their countries and peoples."
For his part, OPEC Secretary-General Haitham Al-Ghais said, "The holding of this celebration is an opportunity for all members of the OPEC family to think and review its exceptional history, celebrate its successes, and renew its commitment to the firm principles and policy on which the organization was based."
"Remembering our past will be a source of inspiration for achieving a bright and successful future," he added.
The Secretary-General of OPEC affirmed, "The ministers of member states were keen to come to Baghdad and meet at the place from which the organization launched in 1960 to express feelings of euphoria, joy and love for this city, which represents an important part of OPEC's history and human history."
The statement added, "The Ministry of Oil, in cooperation with the General Secretariat of OPEC, is preparing a distinguished festive program to be held in Baghdad commensurate with the value of the event and the importance of OPEC and its role in the stability of global oil markets. It includes a number of cultural and artistic activities, including the opening of the Baghdad International Forum for Cartoons - 2023." specializing in oil and energy, a book exhibition dealing with oil and energy affairs, and an exhibition of plastic arts and ceramics on the present, history and civilization of Iraq, in addition to various artistic and folkloric performances.
The Ministry of Oil had initiated the reconstruction and rehabilitation of the People's Hall in Baghdad in preparation for hosting this celebration.
It is noteworthy that OPEC is an international organization that was founded in the historic Baghdad conference that was held on September 10-14, 1960, in the presence of the oil ministers of the Islamic Republic of Iran, the Republic of Iraq, the State of Kuwait, the Kingdom of Saudi Arabia, and the Republic of Venezuela. The organization has grown since then to include in its membership today 13 oil producing country.
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