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Responsible Management |
Any solution for facing global challenges and
meeting supply security requires breaking connection between economy and
politics through common and fair cooperation in the context of dynamic
and effective structures.
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Iran's Oil
Minister Rostam Qasemi has said that the country has focused its efforts on
responsible management of oil and gas resources. Among these policies, the
minister cited execution of economic policies, elimination of subsidies,
standardization, optimization of fuel consumption, changing domestic
consumption patterns and acceleration of huge oil and gas projects.
Addressing the 20th World Petroleum Congress in Doha, Qatar (Dec.
4-8, 2011), the Iranian minister noted: "In less than 15 years, the world
population will exceed 8 billion; global energy consumption is rising at an
average rate of 1.5 percent annually; a rise for demand is inevitable in the
most optimistic and most pessimistic scenarios of global economic growth.
This is while the global oil output will reach a maximum of 111 million
barrels daily by 2035. Global production of natural gas too is expected to
reach a maximum of 3609 billion cubic meters by 2035.
He
said a review of the past trends and future programs will show that despite
heavy investments and high cost equipment the share of fossil and
alternative energies in the global energy basket is limited. This share
alone will not meet the growing energy demands at least for the next 50
years, he noted. Meanwhile, said the minister, there are uncertainties about
development of some of these energies from human perspective.
Qasemi
further stated that the launch of transhydrocarbures age on the one hand and
the existing restrictions in development of hydrocarbure energies on the
other have created new requirements in economic, social, technological,
environmental, legal, political and security areas which could be defined in
the frame of a new order.
According to the oil minister, the world countries whether consumers or
producers or owners of huge hydrocarbure energy reserves or owners of latest
superior technologies are suffering from the present instability in the
energy supply and demand field.
Qasemi
said any solution for facing global challenges and meeting security of
supply requires breaking connection between economy and politics through
common and fair cooperation in the context of dynamic and effective
structures. He added that the world needs a dynamic, sustainable and
effective structure in the energy field based on non-political and free
investment, technology flow, just pricing of products and a legal structure
for fair and common cooperation.
"The Islamic Republic of Iran as one of the founders of OPEC, GECF an World
Petroleum Congress which sits atop 10 percent of world oil reserves and 17
percent of global gas reserves, with awareness of the important role of
fossil fuel in past and in future, has focused its efforts on responsible
management of oil and gas resources through putting into force new energy
policies, phasing out subsidies, standardization, optimizing fuel
consumption, changing domestic consumption pattern and accelerating giant
oil and gas projects which in itself lay the ground for meeting global
energy needs and creating stability and sustainability in the market," the
minister noted.
Qasemi
added any solution for facing global challenges and meeting supply security
requires breaking connection between economy and politics through common and
fair cooperation in the context of dynamic and effective structures.
Held every three years, the World Petroleum Congress and Exhibition is the
largest and most reputable oil and gas industry gathering in the world.
Since its establishment in 1933, this is the first time that the World
Petroleum Congress is being held in the Middle East. |
