Iraq remembered this day, the fourteenth of September 2023, the anniversary of the founding of the Organization of the Petroleum Exporting Countries (OPEC). This date was embraced by the People’s Hall in Baghdad, so that the organization constitutes a shining mark in the history of Iraq and the friendly Arab and oil-producing countries.

Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani, said in a message to the oil and energy Ministers of the member states of the Organization of the Petroleum Exporting Countries (OPEC) and to Secretary-General Haitham Al-Ghais, “The establishment of OPEC constituted an important historical and economic turning point in the management and marketing of oil and the independence of Producing countries, praising the great role played by OPEC in stabilizing global oil markets.”

He pointed out, “The members agreed on the unity of position and word, when Baghdad embraced the five countries in the People’s Hall in 1960 to sign the declaration establishing OPEC for a position that grants the people independence and optimal use of natural resources.”

He added, “Iraq confirms its commitment to the principles approved by the organization,” praising the great role of OPEC member states and its Secretary-General in sincere and serious work to stabilize global oil markets.

For his part, the official spokesman for the Ministry of Oil, Assem Jihad, said, “Celebrating the 63rd anniversary of the founding of OPEC confirms the validity of the path that OPEC adopted and embarked upon, thanks to the combined efforts of all its members, to uphold the organization’s word, respect its charters and agreements, and the correctness of its steps.”

Jihad added, “OPEC today represents a distinguished model of unity, commitment and cooperation among its members and allied parties, ensuring the stability of global oil markets, achieving a balance between supply and demand, protecting the climate from harmful emissions, and providing clean energy sources, as OPEC today stands on solid ground, owning The strong will and commitment to the pacts with the founding countries: the Kingdom of Saudi Arabia, the Islamic Republic of Iran, the State of Kuwait, the Republic of Venezuela, and other countries after the OPEC tree has grown with the joining of many countries that work for the good and well-being of their people and to secure their future.”

Source: National Iraqi News Agency