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 signls 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
 Jul 25 2016 - Libya oil exports unstable amid warns against port dealMENAFN
(MENAFN) Libya's expectancy to enhance oil exports have been dealt a blow after the head of the National Oil Corporation (NOC) disagreed to ink a deal between the government and local guards to ...

 Jul 25 2016 - RMK picks Impact Estate for projectMENAFN
(MENAFN) RMK Projects, the developing arm of RM Kooheji group, has nominated the Bahrain-based Impact Estate as the property management for its residential project Nasmah West in the kingdom.In ...

 Jul 25 2016 - Aldar targets Al Ain as key expansion marketMENAFN
(MENAFN) Aldar Properties, Abu Dhabi's leading investment and management firm, sees Al Ain as a key growth market for its retail portfolio, backed by its vibrant business landscape.driven by strong ...

 Jul 25 2016 - Abu Dhabi's real estate market posts dropMENAFN
(MENAFN) Abu Dhabi, UAE real estate market viewed a decline among the second quarter in many sectors for the first time in three years.However, the residential market faced downward pressure with ...

 Jul 25 2016 - Dubai sets up new project to solve future challengesMENAFN
(MENAFN) Dubai Future Accelerators (DFA), which is a new initiative to help and develop innovative solutions in seven key sectors, like health and energy.Accordingly, the initiative constitutes a ...

 Jul 25 2016 - Bahrain non-oil sector trade deficit touches USD1.4bnMENAFN
(MENAFN) Bahrain recorded a trade deficit of USD1.4bn in the non-oil sector amid the second quarter of this year.On the other hand, imported products value reached USD3.12bn, with almost 70 percent ...

 Jul 25 2016 - Egypt's handicrafts exports to reach USD1bnMENAFN
(MENAFN) Egyptian exports for handicrafts aims boosting sector's exports to almost USD1bn in the coming five years.Furthermore, the council would discuss issues facing Egyptian products to enter ...

 Jul 25 2016 - Qatar's global payments reach USD10.4bnMENAFN
(MENAFN) Remittances from Qatar emphasized an increase with global transfers out of the country standing at USD10.4bn last year and S. Asia attracted 70 percent of them.Additionally, S. Asian nations ...

 Jul 25 2016 - Lebanon's tourism sector remains stable despite oddsMENAFN
(MENAFN) Revenues produced by tourism in 2010 reached USD9bn, whereas the hospitality sector's contribution to GDP amid the period from 2009 to 2011 reached 12 percent.Recently, the sector's direct ...

 Jul 25 2016 - NBC session highlights Muscat Municipality's Baladiyeti appMuscat Daily
(MENAFN - Muscat Daily) Muscat- The National Business Centre (NBC) in cooperation with Riyada organised the seventh Mashura session to showcase Muscat Municipality's application, Baladiyeti, on ...

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