OPEC Chief Highlights Strong China Ties and Economic Confidence

In a recent interview, the Secretary General of OPEC, Haitham Al Ghais, expressed his full confidence in China's economic development, labeling the country a "strategic partner." He highlighted the growing energy ties between OPEC and China.

Al Ghais, speaking on the sidelines of the 9th OPEC International Seminar in Vienna, lauded China's economic structure, citing its "good and forward planning, and forecasting." His previous experience working in Beijing for nearly four years provided him with a firsthand understanding of China's development.

He emphasized the strong cooperation between OPEC member countries and China, including its oil companies. Regular dialogues, both at technical and high levels, facilitate this close relationship. Al Ghais noted that Chinese companies are investing in OPEC countries, and some OPEC members are also investing in China's petroleum refining sector.

OPEC is proud to support China's energy needs for future growth and has strong confidence in the Chinese government's economic plans. OPEC's June market report indicated that China's economy maintained steady growth in the first half of the year, despite external pressures.

The Future of Global Energy," stressed the importance of each country independently determining its own energy transition path based on its specific circumstances.