·
Meeting
co-chaired by: H.E. Hardeep Singh Puri,
India’s Minister of Petroleum and Natural Gas, and H.E. Haitham Al Ghais, OPEC
Secretary General.
·
Key
issues discussed:
o Oil market stability
o Energy security
o Adequate and timely investment across the
oil industry
o Short-, medium- and long-term outlook for
the oil market.
·
India’s
growing energy role: Both
sides highlighted India’s
crucial role in global economic expansion and energy-demand growth.
·
India-OPEC
relationship:
Hardeep Singh Puri described the relationship between India and OPEC as naturally complementary and mutually
beneficial, emphasizing India’s longstanding engagement with
OPEC and its Member Countries.
·
India
as a major energy-demand driver:
Puri stated that, as one of the world's fastest-growing major economies, India will remain an important driver of
global energy demand in the coming decades.
·
Producer-consumer
dialogue: India
stressed that sustained dialogue between oil
producers and consumers is essential to:
o Support investment;
o Strengthen energy resilience; and
o Ensure reliable energy supplies for global
economic growth.
·
Stable
and predictable markets: India
appreciated OPEC's efforts to promote stability
and transparency amid geopolitical uncertainty and market
volatility, and called for closer cooperation to advance a balanced, stable and predictable global
energy market.
·
OPEC's
view of India: OPEC
Secretary General Haitham Al Ghais said dialogue with India is a priority for OPEC,
reflecting India's increasing importance in the global energy landscape.
·
11
years of dialogue: The OPEC-India Energy Dialogue
has completed 11 years,
having been launched in New
Delhi in 2015.
·
Common
priorities: Al
Ghais praised India's balanced,
realistic and pragmatic approach to energy challenges and noted
that many of India's energy priorities are also OPEC's priorities.
·
International
cooperation: OPEC
commended India's commitment to international
collaboration and dialogue as a means of addressing major
global challenges.
·
Progress
acknowledged: The
meeting recognized progress achieved under the OPEC-India Energy Dialogue,
including cooperation at the technical
level.
·
Deeper
energy cooperation: Both
sides emphasized the importance of developing even deeper energy cooperation between
India and OPEC.
·
Next
high-level meeting: It
was agreed that the 8th
High-Level Meeting of the OPEC-India Energy Dialogue will be
held in Vienna, Austria,
on a mutually convenient date.
India
and OPEC reaffirmed their long-term energy partnership, focusing on oil-market
stability, energy security, investment and reliable supplies, with both sides
agreeing to deepen cooperation through the OPEC-India Energy Dialogue.
[ABS News Service/23.09.2026]
The Meeting was co-chaired by HE
Hardeep Singh Puri, India’s Minister of Petroleum and Natural Gas, and HE
Haitham Al Ghais, OPEC Secretary General.
Discussions focused on oil market
stability, energy security and the importance of adequate and timely investment
across the oil industry. Both parties reviewed the short-, medium- and
long-term outlooks, underscoring India's crucial role in global economic
expansion and energy demand growth.
In his remarks, HE Hardeep Singh Puri
underlined that India and OPEC share a naturally complementary and mutually
beneficial relationship and thanked Secretary General for his contribution in
strengthening this partnership. He emphasized that India values its
longstanding engagement with OPEC and its Member Countries, which has
contributed significantly to mutual understanding and cooperation on key energy
issues.
He noted that “As one of the world’s
fastest-growing major economies, India will remain an important driver of
global energy demand in the decades ahead. A sustained dialogue between
producers and consumers is essential to support investment, strengthen energy
resilience and ensure reliable energy supplies for global growth and
development.”
Appreciating OPEC's efforts towards
promoting stability and transparency in global energy markets during a period
marked by geopolitical uncertainties and market volatility, he called on OPEC
and India to work closely in advancing a balanced, stable and predictable
global energy market.
In his remarks, HE Al Ghais stated
that “Dialogue with India is a priority for OPEC because we recognize India’s
importance within the current global energy landscape and the fact that this
importance will only increase in the decades ahead”. He added that the
“OPEC-India Energy Dialogue is eleven years strong, having been launched in New
Delhi in 2015”.
The Secretary General commended
India’s balanced, realistic and pragmatic approach to addressing energy
challenges, emphasizing that “many of India’s energy priorities are OPEC’s
priorities”.
HE Al Ghais also praised the Indian
Government's firm commitment to international collaboration and dialogue. He
stressed, “What is particularly heartening about our dialogue is the fact that
the Indian Government has consistently advocated diplomacy and dialogue as the
means of resolving the great challenges of our age”.
HE Al Ghais thanked all participants
for their valuable contributions. He also expressed the OPEC Secretariat’s
sincere gratitude to HE Hardeep Singh Puri for the gracious hospitality
extended to the OPEC delegation.
The Meeting commended the progress
achieved to date within the framework of the dialogue, including at the
technical level. It concluded with both parties underscoring the vital
importance of fostering even deeper energy cooperation between OPEC and India.
It was agreed to hold the 8th
High-Level Meeting of the OPEC-India Energy Dialogue at a mutually convenient
date in Vienna, Austria.