The UAE participates in OPEC 8th seminar which discusses the future of energy along with sustainability achievement “Energy Security”.
With the participation of the UAE Ministry of Energy and Infrastructure, OPEC 8th begins at the Imperial Hofburg Palace in Vienna-Austria.
Mentioning that The Organization of the Petroleum Exporting Countries (OPEC) is hosting the 8th OPEC International Seminar on 5-6 July 2023 under the theme:
‘Towards a Sustainable and Inclusive Energy Transition’
Besides the UAE, the following countries are participants in OPEC 8th Seminar:
- Algeria
- Saudi Arabia
- Bahrain
- Iran
- Iraq
- Kuwait
- Libya
- Nigeria
- Democratic Republic of Congo
- Ecuador
- Angola
- Venezuela
His Excellency HE Mohammad Sanusi Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) stated the below:
“The OPEC International Seminar has a rich record with regards to the quality of participants.
Along with the high level of discussions that revolve around the main issues affecting the energy sector.
Especially in light of the current circumstances witnessed by the world.”
Also He added: “the conference in its eighth edition witnesses broad international participation from ministers of the member countries of the organization.
Its allies from outside the organization, energy sector stakeholders, companies, banks, and investment companies.
The current cycle of the conference witnesses discussions on the sustainable and comprehensive transition in the energy sector”
-Future of Energy.
The first day of the 8th OPEC International Seminar witnesses a review of the current global energy scene and future trends.
With the participation of world oil and energy industry leaders.
These topics are addressed through high-level plenary sessions and round tables.
Also covering market stability, energy security for both producers and consumers.
And the energy sustainability triad, which includes energy security, cost competitiveness, and emissions reduction.
-Climate Neutrality.
Also, The first day witnesses discussions on investments and financing in the energy sector.
Along with highlighting challenges and opportunities and the need to achieve climate neutrality.
As the climate neutrality can be achieved through technology and innovation.
Especially by applying advanced technologies to significantly reduce the carbon footprint of industry.
For example: carbon capture, utilization, and storage, blue hydrogen, crude-to-chemicals, and integrating renewable energy sources.
-Energy challenges.
The second day of the Seminar focuses on the future challenges in the energy sector.
Also the discussions focus how to build sustainable and reliable systems, and reviewing the pace of energy transitions around the world.
Besides climate change policies, and economic diversification in the energy sector through multiple pathways.
As well as the role of international cooperation.
We should also mention that OPEC International Seminar 8th is accompanied by a specialized exhibition featuring major energy companies from around the world.
Moreover, the exhibition is showcasing the latest trends and innovations related to the latest technologies and developments across the oil industry value chain.
Since its first edition in 1969, the OPEC International ٍSeminar has witnessed wide momentum in discussing energy issues.
Besides building bridges of cooperation and dialogue to explore the future of the energy sector, face challenges, and find innovative solutions.
