OPEC ends summit, affirming commitment to three themes of the conference

By KUNA


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Riyadh : Leaders of OPEC member states ended two days of talks here on Sunday affirming commitment to provide sufficient oil supply to consumer countries, invest more in less developed countries and respect of international accords on environment. Read by OPEC Secretary General Abdullah Salem al Badri and broadcast life to reporters here, the final statement which was reached after the two-day session, reflected the group’s commitment to the three themes of the conference, Providing Petroleum, Promoting prosperity and Protecting the Planet. OPEC members are urged to direct investments of oil in its countries, enhance energy investments for world peace and reduce the burden of less developing nations.

— The final statement mirrored the member states’ believe that present oil prices were fair, and urged the governments of the oil consuming countries to adopt a typical transparent and commercial policy, accoridng to Badri.
The member states assigned a committee to follow up the OPEC fund for energy researches which was launched by the Saudi monarch, said the secretary general.

OPEC members said energy was meant for sustainable development and to close the gap between the rich and poor worlds, underlining significance that investments take into consideration the conditions of the less developed nations.
The organization called on less developed nations to obtain accredited technology that is environmentally safe, pledging to present multi-purpose assistance to under-developing nations to achieve sustainable development

— The final statement also underlined that reducing burdens of less developing nations was an essential necessity, noting that consumption of energy resources imposed great challenges on the organization.
Badri said climate change was another challenge for OPEC and the international society in general, stressing significance of the role of governments and individuals alike to confront climate change.

OPEC also asserts commitment to the Kyoto accord in the environment field, Badri said, acknowledging the firm relations between energy productions and preserving the environment. He said OPEC was committed to cooperation with centers in the industrial and environment research, noting that petroleum played a significant role in preserving the environment and sustainable development.

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