UAE is Committed to Maintaining Stability in World Oil Market : Gargash Says

Doha, February 20 (QNA) -The UAE Minister of State for Foreign Affairs Dr. Anwar Mohammed Gargash, has affirmed that the United Arab Emirates is committed to maintaining stability in world oil markets, affirmed today, but adding that this goal would only be possible through stable trade policies and partnerships and balanced demand and supply equation. ''Such stability is also achieved through more investment in this sector so as to create a long-term equilibrium,'' Dr. Qargash was quoted by Qatar News Agency (QNA) on Monday as speaking at the first meeting for the Brookings -Doha energy conference 2012. The minister said outlined the UAE role - as one of the world's major crude oil exporters - in boost efforts towards international oil market stability. He stressed the importance of cooperation between the UAE and its partners to keep the market stable. Mohammed Gargash said the UAE adopted a strategy to diversify its energy mix and motivated by shortage of gas and other sources of energy, it has founded the Emirates Nuclear Energy Corporation (ENEC) to meet growing demand for energy through use of nuclear energy for peaceful uses. UAE Minister of State for Foreign Affairs also emphasised on the political cooperation so as turmoil and conflicts in some countries of the region be settled and called for international coordination to address dangers these country are facing. (QNA)