Hamid Bord, the head of Iran's Ministry of Oil, met with Abdoulaye Daouda Diallo, the Minister of Oil and Energy of Senegal, during his trip to Moscow to participate in the 28th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) on November 25. In this meeting, the two sides discussed bilateral cooperation in the energy sector, particularly in oil and gas.
Iran's Extensive Experience in Developing Oil and Gas Fields
Bord emphasized Iran's extensive experience in developing oil and gas fields and constructing oil and gas refineries, highlighting the capabilities of Iranian engineers and specialists. He stated that over 70 to 80 percent of the equipment needed for building refineries and activities in the upstream oil and gas industries is produced by Iranian manufacturers. This indicates the country's high capability in meeting domestic needs and the potential for transferring this technical knowledge to countries like Senegal.
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Senegal's Reception of Bilateral Cooperation
The Minister of Oil and Energy of Senegal also welcomed bilateral cooperation with Iran, stating that the purpose of the meeting was to express Senegal's readiness to begin cooperation in the fields of oil and gas and energy production. These interactions could pave the way for the development of economic and technical relations between the two countries.
On the sidelines of the GECF ministerial meeting, Bord also met with the energy ministers of Qatar and Libya to discuss the development of energy cooperation between Iran and these countries. These negotiations focused particularly on strengthening convergence and bilateral and multilateral dialogues among the members of the Gas Exporting Countries Forum.
Bord also discussed issues related to cooperation between the two countries in the Organization of the Petroleum Exporting Countries (OPEC) and developments in the oil market during his conversation with the Libyan Minister of Oil and Gas. These meetings and negotiations reflect Iran's efforts to expand energy relations with other countries and improve the global oil market situation.
The Gas Exporting Countries Forum (GECF), which has 12 main members, holds about 70 percent of the world's proven natural gas reserves. This forum also accounts for 38 percent of commercial gas production and 42 percent of global gas exports. Additionally, the share of these countries in liquefied natural gas exports is estimated to be around 47 percent.
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