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OAPEC meetings designed to promote energy security

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OAPEC meetings designed to promote energy security

Wednesday, 11/11/2015 0:12

/ Follow-up / Baghdad news
expressed Secretary General of the Organization of Arab Petroleum Exporting Countries (OAPEC) Abbas Ali pure hope that the yield Roundtable of Ministers of Energy states Asia for recommendations contribute to strengthening oil prices and energy security. The pure in a statement on the sidelines of the sixth session meetings that there is a vital topics discussed by the ministers most important developments in the oil and gas markets, particularly the drop in oil prices and its consequences as well as the UN climate change convention. pure that the meetings also touch on the global situation of energy by participating in the Forum organizations on the Asian level and a number of international organizations, he added organization of Petroleum Exporting Countries, OPEC and the International Energy Forum and OAPEC and the Forum of Gas Exporting Countries in addition to the International Energy Agency. He said the ministers would discuss future steps for their countries to deal with the energy markets and topics related to the environment and the role of their countries in reducing the effects of climate change and how to deal with this phenomenon, according to orientations of the United Nations. And the role of OAPEC, said pure that the organization is working to conduct studies and analysis about the conditions of energy markets and its coordination efforts for the convergence of views with respect to climate change as well as the coordination meetings held in cooperation with the Cooperation Council for the Arab Gulf States and the Arab League with OPEC. The level itself, he explained pure that the organization is preparing studies and analyzes of the impact of lower oil prices on the economic situation on the Arab countries, pointing to its role in the analysis and study of the negative repercussions on the Arab countries during the recent financial crisis. The meeting will discuss a number of topics within different sessions, including markets session The current oil along with other session to discuss gas and coal interaction in the energy mix in Asia in addition to the review of the prospects for clean energy and the role of policies in shaping its future. The round-table meeting held once every two years in an Asian oil-producing countries where the contract for the first time in India in 2005 and was Saudi Arabia has hosted in 2007 and then Japan in 2009 as the fourth meeting held in Kuwait in 2011 and was the last meeting in 2013 in the city of Seoul, South Korea.

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