Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Al-Naimi: Energy markets becoming more complex  Join our daily free Newsletter

MENAFN - Arab News - 18/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Petroleum and mineral resources minister ali al-naimi called on all countries in the world to support and cooperate with the international energy forum (ief) so that it enables to achieve its purpose and boost it structures at the regional and international levels.

'i think there is an argument to take the ief to the level of a full international organization which will reflect the vital importance of energy in the present world" al-naimi said in his key note address at the 14th international energy forum in moscow carrying the theme the new geography of energy: business as usual or a new era for energy supply and demand the saudi press agency reported.

stressing the relevance of an organization like the ief al-naimi said: ''the ief's strength comes from its non-political nature. it is not producers against consumers. it is not north versus south. it is not the west versus the east. i believe it is already playing a truly positive role in global energy affairs and it is needed now more than ever."

al-naimi said: 'the world is changing the global economy is expanding and the global middle class is increasing. this rising level of prosperity is having a fundamental impact on long-term global energy demand. so it is clear to me that the energy challenges of the 21st century will not be business as usual."

he continued: 'new sources of energy are coming on stream technological innovation is increasing and global energy markets are becoming ever more complex. mitigating supply disruptions and understanding demand growth are global issues. we can only fight climate change together."

no single country can ensure global energy poverty is eradicated. achieving these shared goals requires the countries of the world to enter a new era of cooperation and transparency with new thinking and creative solutions he said.

'over time the ief has become an ideal place for testing new ideas and exploring the possible impacts of new energy developments. the joint organizations data initiative has brought a step-change in terms of the integrity of data — vital for oil market stability. it is increasingly gaining acceptance and trust" he said.

today there is a new geography of energy. it cannot be business as usual. we are grappling with issues that simply were not on the agenda 40 years ago he said.

so energy is vital and it requires the highest priority. all nations can commit themselves to working with the ief to enhance its purpose and structures regionally and internationally. clearly it could be leaner and stronger he added.

energy will continue to be the foundation for economic growth and development around the world. we all need modern forms of energy to live.

'we need energy to help feed us clothe us and keep us warm — or in our case cool. we need it to help educate our young people for transport and to enable mankind to communicate like never before" the minister said.


 






  MENA News Headlines
 Aug 30 2014 - JSB Market Research Consumer Trends Analysis Understanding Consumer Trends and Drivers of Behavior in the US Prepared Meals MarketMENAFN Press
(MENAFN Press) Understanding Consumer Trends and Drivers of Behavior in the US Prepared Meals Market provides an overview of the market, analyzing market data, demographic consumption patterns within ...

 Aug 30 2014 - The Diabetes Protocol ReviewCan Dr.Pullmans Treatment Really Reverse DiabetesMENAFN Press
(MENAFN Press) Read this honest review of Dr. Pullman's eBook and reveal how effective is this diabetes treatment. Additionally find out if this will be a risk investment or not? Here is the good ...

 Aug 30 2014 - Ronn LucasVentriloquism Fun Facts Weekly SpecialMENAFN Press
(MENAFN Press) Celebrity Dummies serves as the largest seller of ventriloquist dummies in the area of Tampa FL nowadays. The company is well known in the different parts of the country at the ...

 Aug 30 2014 - Micronized Chlorella 038 BiorayHelping Kids Reach Their Full Potential!MENAFN Press
(MENAFN Press) Environmental hazards may operate to harm a developmentally dynamic child by mechanisms that do not operate in the adult.— World Health OrganizationPound for pound kids absorb more ...

 Aug 29 2014 - Swaziland is moving towards commercial farmingEU-FAO backed government initiative has put thousands of farmers on a new trackMENAFN Press
(MENAFN Press) ROME Italy August 27 2014/African Press Organization (APO)/ -- In a major effort to revitalize agriculture here the government the European Union and FAO have helped over 20000 ...

 Aug 29 2014 - Brick by brick the foundation of a global recession is taking holdSteve Picarillo warns additional poor economic news is forthcomingMENAFN Press
(MENAFN Press) While of late I lean towards being a "pessimistic academic economist" I believe the global economy is extremely fragile and weak I expect that additional negative economic news will ...

 Aug 29 2014 - GNEX 2015 Confirms Event Onboard USS Midway In San DiegoMENAFN Press
(MENAFN Press) The Global Networking Expo also known as the GNEX Conference is an exciting event for the timeshare industry that has reimagined the typical convention format into a sharp ...

 Aug 29 2014 - Yahoo Stores Is Launched A Reboot Of E-Commerce PlatformMENAFN Press
(MENAFN Press) Just recently Yahoo has announced its introduction of Yahoo Stores which is a revamp of its e-commerce program. The well known internet platform is constantly attempting to boost ...

 Aug 29 2014 - Limo VIP Offering Limousine Service In The Montreal AreaMENAFN Press
(MENAFN Press) Limo VIP'Limo VIP' is now offering limousine services to clients in Montreal area. The company provides an easy pick and drop service to the clients from and to hotels restaurants ...

 Aug 29 2014 - Google Releases News Publisher Center To Simplify The ProcessMENAFN Press
(MENAFN Press) Up until a few weeks ago getting a site listed in Google News has been a very difficult process for many people. The process of getting listed in Google News seemed to have fuzzy ...

more...


 






Google

Click to Apply

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help