West approach towards energy transition is exclusive
The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Mohammad Barkindo, said that the current approach of the West appears to be an exclusive energy transition of the developed world without the rest of the world.
Barkindo was speaking during ADIPEC on Monday, in which he said that the conversation "is gradually being taken over by emotions."
"This conversation, although is on the technical level, it has been impacted by the political hierarchy among our member countries, they have been under pressure by strong allies of ours to pump more oil," he commented on the pressure some countries are facing to increase supply of oil.
The SecGen called on Egypt and the UAE who are hosting COP27 and COP28 to work together to "not only accelerate the implementation of Paris but also bring back the Paris agreement," through forming a joint technical committee.
"If these two countries can work together I think there is an opportunity for he world," he said.
KEEPING THE ENERGY INDUSTRY CONNECTED
Subscribe to our newsletter and get the best of Energy Connects directly to your inbox each week.
By subscribing, you agree to the processing of your personal data by dmg events as described in the Privacy Policy.
More oil news

Philippines’ Marcos Seeks to Import LNG From Alaska, Envoy Says

Oil Falls After Weak Technicals Accelerate Supply-Driven Losses

Buffett’s Annual Letter May Give Much Needed Support to Japanese Stocks

Oil Edges Lower With Focus on US Stockpiles, Supply Uncertainty

Oil Climbs With Focus on OPEC+ Output Plans and Ukraine Talks

Diamondback Energy announces $4.08 billion acquisition to expand Permian presence

Oil Holds Declines on Prospect of Higher Russia, Iraq Supplies

Canada’s Conservative Leader Pitches Major Natural-Resource Revamp to Counter Trump

EPA Terminates Nearly 400 Workers Amid US Government Purge
