OPEC Holds Landmark Energy Seminar in Vienna

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July 9, 2025 Hour: 7:27 am

Under the theme “Charting Pathways Together: The Future of Global Energy”, the event will feature high-level roundtables.

From July 9 to 10, the Organization of the Petroleum Exporting Countries (OPEC) holds its 9th OPEC International Seminar, bringing global energy leaders to Vienna to discuss key industry issues and build up cooperation.

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Under the theme “Charting Pathways Together: The Future of Global Energy”, the two-day event will feature exhibitions, ministerial sessions, and high-level roundtables, with a wide range of industry leaders expected to participate.

Confirmed speakers include Mohsen Paknejad, president of the OPEC Conference for 2025; Hayan Abdulghani Abdulzahra Alsawad, Iraqi deputy prime minister for energy affairs and minister of oil; and Khalifa Rajab Abdulsadek, Libyan minister of oil and gas.

Topics on the agenda include market stability, energy security, investment, technology and innovation, climate change, energy transitions and energy poverty, according to an OPEC bulletin.

“The OPEC International Seminar has gained global recognition due to its outstanding record for the caliber of speakers and participants and the quality of discussions that address the most pressing issues related to the energy industry,” OPEC Secretary General Haitham Al Ghais said.

The current series of the OPEC International Seminars began in 2001. The 8th OPEC International Seminar held in 2023 saw record participation with more than 1,000 attendees, including 17 ministers from OPEC member and non-OPEC countries, 18 CEOs, 13 heads of international organizations, and 89 journalists.

OPEC was founded on 14 September 1960 in Baghdad by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. The organization, which currently comprises 12 member countries, accounted for 38 percent of global oil production. Additionally, it is estimated that 79.5 percent of the world’s proven oil reserves are located within OPEC nations, with the Middle East alone accounting for 67.2 percent of OPEC’s total reserves.

teleSUR/ JF

Sources: Xinhua – EFE