ID :
142191
Wed, 09/15/2010 - 16:01
Auther :
Shortlink :
https://oananews.org//node/142191
The shortlink copeid
OPEC is stabilising factor for world economy: UAE Energy Minister
Abu Dhabi, Sept 15, 2010 (WAM)- The UAE has always been advancing OPEC's message to deliver balance and stability in the world economy, the UAE Minister of Energy Mohammed bin Dhaen Al Hameli affirmed yesterday In a statement to mark the 50th anniversary of the Organisation of the Petroleum Exporting Countries (OPEC), Al Hameli extended warn congratulations to the UAE leadership which underlined its consistent support for the oil group.
''Throughout five decades, OPEC has been following the open-door policy through continuous dialogue and meeting with non-OPEC producers and consumers. The two sides have always reached common denominators that contributed to stability of the world economy, the minister, who was the UAE former governor at OPEC, said.
With its bright history and global heavyweight, he affirmed, OPEC will always remain a key factor in protecting gains of its member states and a major stabilising factor in global economy.
''OPEC has managed to secure enough oil supplies that meet the world demand and help stabilise the international oil markets and world economy,'' he added.
According to him, OPEC has experienced historic milestones generated by global economic fluctuations but it has been and still showing resilience to ride out those storms and handle them in an approach that laid down more stronger foundations for sustained growth of the world economy.
OPEC, he noted, has acted as a stabilising factor for the world economy and won the praise and respect of the whole world.
The 12 member Vienna-based organisation was founded in 1960 in Baghdad by five founding members - Saudi Arabia, Kuwait, Iraq, Iran and Venezuela.
The UAE joined OPEC in 1971 and is still an active player within it. – Emirates News Agency, WAM
''Throughout five decades, OPEC has been following the open-door policy through continuous dialogue and meeting with non-OPEC producers and consumers. The two sides have always reached common denominators that contributed to stability of the world economy, the minister, who was the UAE former governor at OPEC, said.
With its bright history and global heavyweight, he affirmed, OPEC will always remain a key factor in protecting gains of its member states and a major stabilising factor in global economy.
''OPEC has managed to secure enough oil supplies that meet the world demand and help stabilise the international oil markets and world economy,'' he added.
According to him, OPEC has experienced historic milestones generated by global economic fluctuations but it has been and still showing resilience to ride out those storms and handle them in an approach that laid down more stronger foundations for sustained growth of the world economy.
OPEC, he noted, has acted as a stabilising factor for the world economy and won the praise and respect of the whole world.
The 12 member Vienna-based organisation was founded in 1960 in Baghdad by five founding members - Saudi Arabia, Kuwait, Iraq, Iran and Venezuela.
The UAE joined OPEC in 1971 and is still an active player within it. – Emirates News Agency, WAM
