Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait calls for safeguarding oil industry from geopolitical ripples  Join our daily free Newsletter

MENAFN - Arab Times - 09/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) Chairman of Steering Committee of the Gulf Petroleum Forum (GPF 2014) Dr Jassem Bechara on Monday called for effective solutions to safeguard the oil industry from negative effects of current dramatic events taking place on the international and Arab arenas. Bechara, in a statement at the forum inauguration, said these developments and crises have cast their shadows on the Gulf region, along with prospected effects, adding that rapid technological development "in this vital industry adds great significance to this forum." He also urged the conferees to exert extraordinary efforts to try envisage solutions to protect the oil and petrochemical sectors from the crises' fallouts



In his emphasis on necessity of checking the geopolitical ripples of such dramatic events, affecting in particular the oil sector, Bechara re-urged the conferees "to seek best possible and most relevant results" in this regard. He expressed gratitude to His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah for patronizing the event, noting His Highness the Premier's concern for the major development role, played by the oil industry "at the global level in general and in our Gulf states in particular. " Bechara also indicated that His Highness the Prime Minister's sponsorship of the forum prompted the steering committee members to do their best in organizing the forum



Bechara welcomed the participants in the forum, namely foreign personalities, noting that Kuwait is hosting it at a time the Arab Gulf region is witnessing "major transformations with emerging challenges to all states of the region." Moreover, he said, holding the forum signals Kuwait's concern for developing oil sectors in the Gulf countries "and pushing them toward closer integration and partnership for sake of boosting our states' economies." The forum topics will address present challenges facing Arab and international petroleum industries, future of the petroleum industry from a Gulf perspective, mechanisms of merger in the production, exploration of the petrochemical sectors, affiliate industries, technical services and international economic impact on the universal energy system. They also include hurdles obstructing investment in petrochemical enterprises, role of funding foundations, prospected joint investments, role of the private sector, environmental and technological "challenges" facing the oil industry



Furthermore, Bechara indicated that the officials and experts taking part in the forum would discuss "development ventures that constitute an added value at the international level, contribute to boosting the regional economies and preserving stability of the international oil and gas markets as well as stimulating the universal economy toward greater development and prosperity." Affirming anew the forum significance, Bechara noted Kuwait's ability to play a crucial role in the petroleum sector at the global level - being a major oil producer and one of the states seeking to install state-of-art technology in exploration, production, refining, petrochemical manufacturing, transportation, marketing and exporting. The forum is an opportunity for local and foreign companies to get acquainted with latest innovations in the oil and gas sectors in the Arab Gulf region and planned development projects by the GCC countries

 


Arab Times




  MENA News Headlines
 Apr 18 2015 - Obama to host Gulf leaders on May 13-14The Peninsula
(MENAFN - The Peninsula) US President Barack Obama will welcome the six leaders of the Gulf Cooperation Council states in mid-May for talks on Iran's nuclear programme and the conflicts in Yemen, ...

 Apr 18 2015 - Qatar- Bangladeshis mark Mujibnagar DayThe Peninsula
(MENAFN - The Peninsula) The Embassy of Bangladesh in Qatar and the Bangladeshi community observed Mujibnagar Day today with solemnity. Mujibnagar Day is observed every year in Bangladesh and the ...

 Apr 18 2015 - Syrian doctors ask Russia to help unblock medical aidThe Peninsula
(MENAFN - The Peninsula) Two Syrian doctors urged Russian diplomats at the United Nations on Friday to put pressure on President Bashar al-Assad to allow life-saving medical supplies into a besieged ...

 Apr 18 2015 - Qatar highlights water security challenges at World Water ForumThe Peninsula
(MENAFN - The Peninsula) H E Dr Mohamed bin Saleh Al Sada, the Minister of Energy and Industry, led Qatar's delegation at the Seventh World Water Forum, along with Eng. Essa bin Hilal Al Kuwari, ...

 Apr 18 2015 - Qatar- Gasna competition winners namedThe Peninsula
(MENAFN - The Peninsula) Winners of the Qatar University (QU) Sixth Gasna Competition were announced at a closing ceremony recently.The competition, which is an initiative organised annually by the ...

 Apr 18 2015 - Qatar- A fountain of information at QNCCThe Peninsula
(MENAFN - The Peninsula) Recognising the need of delegates to the 13th UN Congress on Crime Prevention and Criminal Justice for focused, relevant and up-to-date information on various topics, Qatar ...

 Apr 18 2015 - Prison overcrowding in focus at UN congressThe Peninsula
(MENAFN - The Peninsula) There are over 10 million people in prisons worldwide, leading to prison overcrowding, and the problem has reached epidemic proportions in many countries, the ongoing 13th UN ...

 Apr 17 2015 - Call For Multi Sector Offensive Against CybercrimesQatar News Agency
(MENAFN - QNA) Public private partnership model is crucial to help fight transnational cybercrimes and new threats emerging globally, a senior official from Qatar's Ministry of Interior (MoI) said ...

 Apr 17 2015 - Online service allows tourists to apply for visa without need of sponsorsMuscat Daily
(MENAFN - Muscat Daily) In a move aimed at easing procedures for tourists wishing to visit the sultanate the ROP has introduced a system wherein they can apply for a visa without the need of having a ...

 Apr 17 2015 - Chiefs down Crusaders 26 9 in Super RugbyArab News
(MENAFN - Arab News) CHRISTCHURCH New Zealand: Backrower Michael Leitch scored one try and created another as the Chiefs beat the Crusaders 26-9 Friday to move atop the table in Super Rugby. Leitch ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help