Landmark pact: Global oil producers, gas exporters join hands for first time | ZAWYA MENA Edition:
The Organisation of the Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF) have signed a Memorandum of Understanding (MoU) to strengthen cooperation in research and sharing of best practices, it was announced on Thursday.
The agreement was signed in Moscow by Mohammad Sanusi Barkindo, Secretary General of OPEC, and his GECF counterpart, Yury Sentyurin on the side lines of Russian Energy Week, GECF said in a press statement.
According to the statement, areas of cooperation identified in the MoU include energy market monitoring, analysis, modelling and forecasting; energy market research studies and their methodologies; energy market data and statistics, data and statistical operational topics; energy initiatives and developments aimed at sustainability, along with environmental and social responsibility.
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