Organization of Arab Petroleum Exporting Countries
Volume 40 Issue 5
7
OAPEC Member
Countries
HE Dr Matar Hamed
Al Neyadi, Undersecretary
of the Ministry of Energy
and UAE representative
at OAPEC has said that
although his country is
a main oil exporter and
a member in OPEC and
OAPEC, it has made a
decision to adopt energy resources diversification
policy in line with its geographical and climate
nature. This policy has put the country forward
in the region as the UAE is planning to achieve
24% of clean energy by 2021.
Mr Al Neyadi has added during the 9th
meeting for the Oslo Group on Energy Statistics
hosted by Abu Dhabi in May 2014 that energy
is a basis for development and progress in the
world. Countries rich with energy resources
are trying to strike a balance between their
need for energy to meet sustainable economic
requirements and their global role as energy
providers. They are trying to maintain these
resources by ideal use.
He pointed out that due to the continuous
economic
development
and
increasing
population in the UAE,
power demand has also
increased up to 19 Giga
Watts. He expected the
demand to double in the
coming 10 years. Demand
for petroleum products
has also increased to reach
15.2 mmt/y in 2013 with
an increase of 2.6% compared to 2012.
The Undersecretary stressed that modern
technology developments contributed to
opening new horizons in oil and natural gas
production in a way that helped in developing
hydrocarbon reserves in complex reservoirs.
Exploration technology development helped in
the emergence of nontraditional hydrocarbon
resources like shale oil and gas.
Mr Al Neyadi drew the attention to the fact
that producing oil and gas from nontraditional
energy resources did not represent any threat to
the revenues of oil and gas producing countries.
He has said that energy is the core of the growth
and development process worldwide and that
global demand for energy has been continuously
increasing.
9
th
Meeting for the Oslo Group on Energy Statistics
Energy Essential for Global
Development and Progress
