315
PART TWO
OAPEC Activities in 2012
13
th
International Energy Forum (IEF), which was held in the State of
Kuwait during the period 12-14 March 2012 under the auspices and
with the attendance of His Highness Sheikh Sabah Al-Ahmad Al-Jaber
Al-Sabah, Amir of the State of Kuwait. It is the first ministerial meeting
of the forum following the promulgation of the International Energy
Forum Charter, which was ratified and signed by Their Excellencies
the Ministers of Oil and Energy in 87 countries around the world. Over
3 days, and 4 disciplined sessions, the Forum addressed the following
topics:
Energy market fluctuations and the role of IEF and its member
•
countries in addressing these conditions.
Long-termdemand for energy, securityof supplies, anddeveloping
•
adequate policies to secure energy of all types.
Realization of environmental and social sustainability, mitigating
•
emissions, and energy supply to all.
Enhancing global dialogue and cooperation in energy.
•
According to the meeting program, the Energy Forum Business
Meeting was held on the day preceding the Ministerial Meeting.
The meeting tackled cooperation between the national and global oil
companies in the long run, thus serving the expansion of investments
in the various activities of energy industry, and establishing successful
partnerships between both parties.
IEF is convened in the wake of current global circumstances and
fluctuations in global energy markets. Thorough deliberations were
made on the developments in global energy sources, requirements
of investment in energy, information exchange and transparency.
These factors contribute to enhancing supply/demand security, and to
coordinating dialogue between the exporting and importing countries, in
consistence with energy conservation and mitigation of climate change
impact, towards securing energy for all.
