The Organization of the Petroleum Exporting Countries (OPEC) and the Latin American Energy Organization (OLADE) have signed a Memorandum of Understanding aimed at strengthening collaboration in key areas of the energy sector. This agreement will facilitate the exchange of knowledge, data, and best practices between both institutions, covering topics such as energy market research, energy security, and the development of sustainability and environmental responsibility initiatives.
During the signing, which took place at the G20 in Brazil, OPEC Secretary General Haitham Al Ghais and OLADE Executive Secretary Andrés Rebolledo Smitmans highlighted the importance of this agreement in promoting the joint development of short, medium, and long-term studies, as well as the organization of workshops and seminars on topics of mutual interest, in a brief signing ceremony attended by delegations from both organizations.