Oil Minister attends 115th OAPEC Council meeting in Kuwait

Kuwait, Dec. 15 (BNA): Dr. Mohammed bin Mubarak Bin Dainah, Minister of Oil and Environment and Special Envoy for Climate Affairs, participated in the 115th Ministerial Council meeting of the Organisation of Arab Petroleum Exporting Countries (OAPEC), held in the State of Kuwait.

Dr. Bin Dainah commended the role of the organisation in enhancing economic activities and programmes. These aim to unify efforts to secure energy and create suitable conditions to promote investment in the development of the energy and petroleum sectors in Arab countries. He also highlighted its role in establishing and strengthening relations between petroleum-producing and consuming countries, contributing to a sustainable energy future.

The Oil Minister emphasised the importance of meetings between senior officials in this sector. These meetings allow for the exchange of views and scientific proposals, and for discussing the best solutions and modern technologies. He noted that such efforts help achieve positive outcomes for the oil and gas sector, support the economies of member states, and fulfil the objectives of the organisation’s founding agreement of 1968, including exchanging information and expertise and implementing joint projects across all aspects of the oil and gas industry.

He added that the rapid transformations in the energy sector have strengthened the organisation’s role as a catalyst for cooperation and knowledge exchange among member states. He highlighted that this includes addressing energy issues, exploring opportunities, tackling challenges, and contributing to building national capabilities in a sector that forms a cornerstone of these countries’ economies.