Trade Arabia reported that the UAE which holds about 10% of the world’s known oil reserves is a vital contributor to world energy security.
Mr Abdalla Salem El Badri the Vienna based secretary general of OPEC said that the UAE has been 'an OPEC member country since the 1960s and is one of the pre eminent players in the global energy arena.
OPEC secretary general who was previously the energy minister of Libya will be the feature guest speaker at The Gulf Intelligence Energy Markets Forum on September 19th 2011 which will be held at the Dubai Armani Hotel. The forum marks the first occasion that Mr El Badri has participated in an event in the Emirate since taking up his current post 5 years ago.
Mr Badri said that the demand for OPEC crude oil is expected to average above 30 million barrels a day in 2011 at a time when the OPEC Reference Basket which is an average oil price from a collection of different crudes produced by member countries has been well above USD 100 per barrel since February.
He said that OPEC was on target this year to see the 12 member group’s total oil revenue jump above USD 1 trillion for the first time ever. This forum represents an excellent platform to further the energy debate and deepen the understanding between all energy stakeholders.
Source: www.steelguru.com
Mr Abdalla Salem El Badri the Vienna based secretary general of OPEC said that the UAE has been 'an OPEC member country since the 1960s and is one of the pre eminent players in the global energy arena.
OPEC secretary general who was previously the energy minister of Libya will be the feature guest speaker at The Gulf Intelligence Energy Markets Forum on September 19th 2011 which will be held at the Dubai Armani Hotel. The forum marks the first occasion that Mr El Badri has participated in an event in the Emirate since taking up his current post 5 years ago.
Mr Badri said that the demand for OPEC crude oil is expected to average above 30 million barrels a day in 2011 at a time when the OPEC Reference Basket which is an average oil price from a collection of different crudes produced by member countries has been well above USD 100 per barrel since February.
He said that OPEC was on target this year to see the 12 member group’s total oil revenue jump above USD 1 trillion for the first time ever. This forum represents an excellent platform to further the energy debate and deepen the understanding between all energy stakeholders.
Source: www.steelguru.com
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