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OAPEC Activities
14
Volume
44
Issue
3
THE EIGHTH IEA-IEF-OPEC
SYMPOSIUM ON ENERGY OUTLOOKS
OAPEC Secretariat General took part, as Observer, in the 8th IEA-IEF-OPEC Symposium on Energy Outlooks
on 14 February 2018, which the International Energy Forum (IEF) convenes yearly in collaboration with the
International Energy Agency (IEA), and the Organization of the Petroleum Exporting Countries (OPEC). Energy
Ministers of KSA, Russia, Sudan, and Morocco, in addition to over 150 energy and climate change experts and
specialists participated in the event.
HE Khalid Al Falih,
Minister of Energy,
Industry, and Mineral Resources in Saudi Arabia,
said his country was proud to host the IEF
headquarters in Riyadh. The event has become
a platform for cooperation and data exchange
between producers and consumers.
He stressed the importance of sustaining
the joint efforts between KSA and Russia
because they represent the world’s top
petroleum producers, in addition to the
economic, political, and strategic importance
of petroleum. He pointed out that the Forum
is a tremendous opportunity to collaborate
and bring views together between oil
producing and consuming countries. He said
he was confident that the existing cooperation
between OPEC members and their Non- OPEC
allies will continue to serve the stability of oil
prices and achieve the aspired outcome.
HE the Ministers and the Secretaries-General
of the participating international organizations
also referred to the following:
• Understanding all major trends and
factors affecting the global market.
• The importance of a comprehensive
dialogue on global energy security and
transparency of energy data to achieve
common goals, especially in the current
global situation.
• To promote mutual understanding
between the International Energy Forum,
the International Energy Agency and
OPEC.
• Cooperation, dialogue and transparency
to promote the stability and sustainability
of the world oil market.