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The 6th High-Level Meeting of the India-OPEC Energy Dialogue took place on 9 November 2023, at the OPEC Secretariat in Vienna, Austria

Highlights of the India-OPEC Energy Dialogue 2023:

• The 6th High-Level Meeting of the India-OPEC Energy Dialogue took place on November 9th, in Vienna, Austria.
• The Meeting was co-chaired by HE Haitham Al Ghais, Secretary General of OPEC, and Hardeep Singh Puri, Minister of Petroleum and Natural Gas and Minister of Housing and Urban Affairs of India.
• Discussions revolved around ensuring availability, affordability, and sustainability in energy markets, emphasizing India's crucial role in global economic growth and energy demand.
• The 6th High-Level Meeting concluded with both parties underscoring the importance of fostering enhanced cooperation between India and OPEC moving forward.
• It was agreed to hold the next High-Level Meeting of the India-OPEC Energy Dialogue during the course of 2024 in India.

About the Organization of the Petroleum Exporting Countries(OPEC):

• OPEC, or the Organization of the Petroleum Exporting Countries, is a permanent international organization comprising oil-exporting nations.
• Its core mission is to coordinate and unify the petroleum policies of its member countries.
• This coordination aims to stabilize oil prices in global markets, working towards eliminating harmful and unnecessary price fluctuations.
• It was established in 1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela, OPEC has since expanded to include 13 members.
• Member countries are Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, United Arab Emirates, and Venezuela.
• With the addition of another 11 allied major oil-producing countries including Russia, the grouping is known as OPEC+.
• The organization's headquarters is located in Vienna, Austria.