OPEC Secretary General arrives in Cyprus
Larnaca, Jan 15 – The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC) Mr. Abdalla Salem El-Badri is in Cyprus to discuss prices and supply and demand of oil.
Speaking upon his arrival, he expressed hope that Cyprus will find oil in its exclusive economic zone. Noting the invitation was extended to him a year ago by the Nicosia Chamber of Commerce and Industry, he said he was pleased to meet President Tassos Papadopoulos and talk to the Ministers of Foreign Affairs and Commerce.
Responding to questions, he said he is visiting “to get to know the people and the authorities here in Cyprus and of course to discuss the oil activities, prices, supply and demand.”
“Also Cyprus is part of the European Union and I am sure they would like to know what is going on in the petroleum activities,” he added.
Asked if Cyprus would become an OPEC member, he replied: “I hope that you will have some activities and you will discover oil,” and referred to the discovery of oil in his native country, Libya, saying that some 50 years ago people did not think there was oil in Libya. “After a few years, Libya was one of the bigger producers in OPEC. So nothing is excluded,” he pointed out.
In the past several months, Cyprus has been engaged in talks with its neighbors to delineate its exclusive economic zone. It has already signed an agreement with Egypt on the matter.