Minister of Petroleum and Mineral Resources Karim Badawi has reviewed the role of fossil fuels in the global energy mix in light of global trends towards the energy transition.

This came during his meeting with Haitham Al Ghais, Secretary General of Organization of the Petroleum Exporting Countries (OPEC) on the sidelines of ADIPEC conference and exhibition 2024.

The two parties also discussed the importance of fair and gradual energy transition according to the economic conditions of each country. Cooperation in the field of exchanging expertise was also discussed in relation to studies and analysis of the global oil market conditions and price forecasts.

Badawi praised the important role played by OPEC since its foundation to ensure the stability and balance of oil markets, despite successive global challenges.