The two-day seminar takes place at the Hofburg Palace, bringing together representatives from top oil-exporting countries as well as chief executives from global energy majors. This year’s main theme of the event is "Towards a Sustainable and Inclusive Energy Transition".

According to the program, 11 sessions will be held regarding various topics pertaining to the development of the energy sector, teleSUR reported.

According to the OPEC, first-day-discussions will largely cover the stability of energy markets and problems with their financing.

Official data shows that several ministers from OPEC and OPEC+ countries and chief executives of energy companies take part in the panel sessions.

The second day will cover energy transition, eradication of energy poverty and diversification of economies in the face of climate change.

According to official data, the previous OPEC International Seminar was held five years ago, in June 2018. The event was attended by 950 delegates from 50 countries around the globe.

The next seminar was initially scheduled for 2021, but due to the coronavirus pandemic, it was postponed.