Hamid Bord, the head of the Ministry of Oil, met and discussed with Abdoulaye Diouf, the Minister of Oil and Energy of Senegal, during his trip to Moscow to participate in the 28th Ministerial Meeting of the Gas Exporting Countries Forum (GECF). In this meeting, which took place on October 26, the parties exchanged views on bilateral cooperation in the energy sector.
Iran's experience in developing oil and gas fields
Bord referred to Iran's high experience in developing oil and gas fields and constructing oil and gas refineries during this session. He emphasized that Iranian engineers and specialists have very high experience due to working in difficult conditions, and more than 70 to 80 percent of the equipment needed for refinery construction and upstream oil and gas industry activities is produced by Iranian manufacturers.
Senegal's readiness to begin cooperation
The Minister of Oil and Energy of Senegal also expressed his welcome for bilateral cooperation with Iran, stating that the purpose of the meeting was to announce Senegal's readiness to begin cooperation in the fields of oil, gas, and energy. These discussions indicate Senegal's desire to benefit from Iran's experiences in this area.
In addition to this meeting, Bord also spoke with Saad Sherida Al-Kaabi, the Minister of Energy of Qatar, and Khalifa Rajab Abdulsadiq, the Minister of Oil and Gas of Libya, on the sidelines of this meeting. In this trilateral meeting, the emphasis was placed on developing Iran's cooperation with Qatar and Libya in the energy sector.
Oil market developments and international cooperation
During this meeting, Bord also met with Paula Henao, the Minister of Oil of Venezuela, to discuss global crude oil market developments and issues related to the agreements of the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance. These meetings reflect Iran's efforts to strengthen international cooperation in the energy sector and also to review oil market developments.
The 28th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) was held on October 26, one day before the 8th summit of the forum in Moscow. This forum, which has 12 main members, holds about 70 percent of the world's proven natural gas reserves.
