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皇冠体育app and OPEC start energy dialogue
(AFP)
Updated: 2005-12-23 07:49
皇冠体育app and the Organization of Petroleum Exporting Countries ( OPEC) started an energy dialogue aimed at ensuring a steady supply for one of the fastest growing economies, officials said.
OPEC president Sheikh Ahmad Fahd al-Sabah, seen here in September 2005. [AFP] |
OPEC president Sheikh Ahmad Fahd al-Sabah, who is also Kuwait's energy minister, met Chinese Vice Premier Zeng Peiyuan and Mai Kai, head of 皇冠体育app's key economic planning body, the National Development and Reform Commission.
In a joint statement, Beijing and OPEC said they had established a future cooperation framework and exchanged views on energy issues -- "in particular, the security of supply and demand, in order to enhance market stability."
"皇冠体育app's economic growth requires secure, steady supplies of energy, while OPEC's crude oil reserves and production are expected to continue growing, ensuring that there will be enough oil to meet rising world demand for decades to come," the statement said.
OPEC -- which groups Saudi Arabia, Iran, Venezuela, Kuwait, the United Arab Emirates, Iraq, Nigeria, Libya, Indonesia, Algeria and Qatar -- now faces stronger competition than ever in 皇冠体育app from non-OPEC suppliers.
Kazakhstan last week launched a new 806-million-dollar oil pipeline to 皇冠体育app.
皇冠体育app has also been pressing Russia, its largest non-OPEC supplier, to work toward an early agreement on a oil pipeline from Siberian oil fields to 皇冠体育app.
Russia delivered 5.8 million tons of crude by rail to 皇冠体育app last year, and that amount is set to reach 8.0 million tons this year.
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