OPEC Secretary General, HE Mohammad Sanusi Barkindo, met with Patrick Pouyanné, Chairman and Chief Executive Officer of French oil and gas company TOTAL SA, during a high-level meeting Tuesday at the company’s headquarters.

They both underscored the critical objective of sharing perspectives on the energy and oil market, as well as data, modelling and forecasting methodologies, and working to enhance collaborative efforts at both expert- and high-levels.

Mr. Barkindo exchanged information with Mr. Pouyanné on the recent landmark decision of 30 November 2016, and the subsequent Declaration of Cooperation between OPEC and participating non-OPEC producers reached on 10 December 2016. He also described the extensive bilateral consultations that had taken place in the lead-up to these historic decisions – the first of their kind in decades – which aimed at restoring balance in the oil market.

In his comments, Mr. Pouyanné, who has been CEO of TOTAL SA since 2014, provided a synopsis of the company’s strategies and view of the oil market. He commended OPEC’s achievements, together with other producing countries, and reiterated the necessity of these accomplishments for sustainable market stability in the medium- to long-term.

Mr. Pouyanné also expressed appreciation for OPEC’s initiative to visit TOTAL SA following their recent bilateral meetings in various international policy platforms, and efforts to engage in closer cooperation with international oil companies, in the interest of the global oil industry.

Senior officials and analysts from both TOTAL SA and OPEC held discussions on the prospects for energy and oil, with a focus on supply and demand, refining, gas and renewables, and climate change. They also addressed future challenges in the energy sector under various scenarios.

Both parties agreed to continue such interactions regularly at both expert- and high-levels, with a view towards enhancing ongoing energy dialogue and cooperation.

About OPEC

In accordance with its Statute, the mission of the Organization of the Petroleum Exporting Countries (OPEC) is to coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers a fair return on capital for those investing in the petroleum industry.

About Total

Total is a global integrated energy producer and provider, a leading international oil and gas company, and the world’s second-ranked solar energy operator with SunPower. Our 96,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits.