Dr Rumhy to address Opec International Seminar today

It took the cartel a full two years to find a solution to the crisis, he said, noting that Opec members should deal with such crises in the best way that secures the interests of all parties, including the producers and consumers.

The opening session of today’s conference will feature a raft of keynote addresses by energy ministers from around the world, including Dr Al Rumhy of the Sultanate. The theme is ‘A Sustainable Global Energy Future’. Also due to address the distinguished gathering are the energy ministers of Saudi Arabia, Russia and India. Proceedings will begin with remarks from Mohammad Sanusi Barkindo, Secretary-general — Opec, and Suhail Mohamed al Mazrouei, UAE Minister of Energy and Industry and President of the Opec Conference.

Besides ministers from Opec member countries and other oilproducing and oil-consuming nations, the two-day event is also expected to attract an elite gathering of heads of intergovernmental organisations, chief executives of national and international oil companies, in addition to other industry leaders, academics, energy experts and the specialist media.

“The 7th Opec International Seminar, with the theme ‘Petroleum — Cooperation for a Sustainable Future’, aims to build on the success of the previous events from the past decade. It will underpin Opec’s longstanding commitment to strive for a secure and stable international oil market by promoting cooperation and dialogue with stakeholders around the world,” the organisers said in a statement.