Kuwait..The Arab Energy Organization discusses developments in the sector and strengthening joint Arab cooperation
KUWAIT, 14 December, 2017 (WAM) – The 115th ministerial meeting of the Arab Energy Organization, which began its work today in Kuwait, headed by Tariq Al-Roumi, Kuwaiti Minister of Oil and Chairman of the current session, will discuss developments related to the oil and energy sectors and strengthening joint Arab cooperation in a way that consolidates the vital role that the organization plays in supporting the interests of member states and enhancing its presence in global energy markets.
Minister Al-Roumi said in his opening speech that the meeting comes at an important and sensitive time for the organization’s work, given the rapid transformations the global energy sector is witnessing and major challenges that require continuing to unify visions and enhance coordination among member states in a way that supports stability in energy markets and enhances the organization’s presence in the regional and international scenes.
He added that the meeting’s agenda includes a group of fundamental topics that affect the affairs of the organization, which contributes to strengthening its progress, as it includes discussing items related to the draft estimated budget for the year 2026, in addition to reviewing the latest developments related to the draft study of the organization’s development.
He pointed out that the meeting also reviews the latest developments in implementing the project to review and update systems and regulations and follow up on initiatives and strategies.
He affirmed the State of Kuwait’s full support for all initiatives and steps implemented by the organization in order to develop its work and enhance its ability to keep pace with global transformations in the energy sector and deepen integration among member states in a way that consolidates the organization’s position as a leading Arab platform.
For his part, Jamal Al-Loughani, Secretary-General of the Arab Energy Organization, said in his speech that the organization is facing a new historical phase full of aspirations and opportunities as well as challenges that require concerted efforts.
He stressed the importance of the Ministerial Council as the main pillar in coordinating efforts and policies aimed at creating the support structure for the future of the organization, expressing his thanks to the Council for the support and guidance it provides.
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