By Sachin Kumar
DOHA: Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani said yesterday that Qatar has worked to provide everything that would ensure stability in world oil markets, both in terms of supplies or prices. He was speaking at the opening ceremony of the Ninth International Petroleum Technology Conference (IPTC) at the Qatar National Convention Centre yesterday.
He stressed that the volatility that is not linked to the condition of supply and demand will not be in the interest of producers or consumers in the long run.
Taking place from December 7 to 9, the conference is the largest multi-society, multi-disciplinary oil and gas event in the Eastern Hemisphere and is expected to see participation of about 5,000 oil and gas professionals.
The opening ceremony was attended by heads of diplomatic missions, senior figures in the field of energy, and experts from regional and international economic institutions and companies.
The Prime Minister called for consolidating and deepening dialogue between the parties to ensure sustainable growth for development efforts around the world, preserve economic achievements of all nations, contribute to raising the living standards of individuals and ensure continued investment in the various energy sources.
The Premier highlighted Qatar’s optimal use of advanced technology and the potential of the projects was one of the most important factors in its success in developing the petroleum industry, especially the gas industry.
He said despite new prices in the world energy markets, Qatar continues its optimal investment of natural resources to meet global demand.
He said the alternating sessions of IPTC between the countries of the Asian continent and Doha have coincided with the great progress made by Qatar during the past two decades in various aspects of the industry. He said the sessions were also associated with many achievements, especially in the construction and development of giant oil and gas projects.
He said Qatar’s accomplishments have contributed to the launch of the conference and its continuous successes since its first meeting in 2005, to be one of the most important forums for presenting new petroleum technologies and the best practices and activities in this field.
Since its launch, the conference has attracted more than 40,000 officials and experts in this global industry.
The Peninsula
