29/03/2015
Reaffirmed its commitment to international efforts to stabilize the energy market
«OPEC» expects a recovery for the oil refining industry with growing demand in developing countries
The Petroleum Exporting Countries Organization "OPEC" expected return of investment activity to the refining sector in the coming years in light of the increasing demand for refined oil in developing countries.
The organization said, "That will be the main driver for future investments, where new projects will be concentrated largely in the Asia-Pacific region and the Middle East."
The "OPEC" in its periodic report the continued support of the international dialogue and cooperation in order to stabilize the energy market efforts, and confirmed its commitment to participate in the meetings of the ministerial level, as well as participating in joint workshops and seminars with the European Union, Russia and the International Energy Agency.
He said the FAO report, "It is always seeking to exchange views and insights with other stakeholders in the energy market owners," referring to their adherence to the cooperative approach and activation of dialogue for the benefit of the market and achieve the desired stability in the short and long term.
He noted that the oil and gas industry relies heavily on the broad and highly qualified human resources that are sophisticated capabilities and skills, adding that the industry has faced many of the variables because of development and modernity and the competition to attract highly qualified labor.
He stated that the modern global trends reflected on the industry especially the increased use of advanced technologies in various stages of industrial processes as well as increased competition in the area of access to skilled labor.
The report pointed out that the continued lack of fixed workforce is a major concern for the oil industry, where can this deficiency causes delay in the daily operations and increase costs and increase overall levels of risk.
He explained that the oil companies need to address the structural problems in education and training, improving the image of the industry and attract young people to the industry and to improve retention and enhance the effectiveness of the transfer of knowledge to new workers.
The report called for the expansion of international cooperation in order to work on alleviating energy poverty, pointing out that this will only be achieved developmental programs and a broad and ambitious at the international level.
The report pointed to the importance of mobilizing the global economic resources to fight poverty and ensure that the poor get affordable energy to achieve the slogan "modern energy for all."
He explained that the development of the world require to enable the poor to create income-generating opportunities and ensure they receive their fair share of energy and energy use by the poor to generate additional income for them and improve their living conditions in a sustainable manner.
The report said, "The agricultural sector can play a major role in creating job opportunities for the poor because many of them live in rural areas and many of the modern agricultural activities depend on the use of energy."
The report pointed out that the issue of climate change is an important and complex issues and relevant to the energy sector, pointing out that by the year 2040 will see the cumulative carbon dioxide emissions increased by about 40 per cent resulting from oil and other sources of energy industry.
The industrialized countries with the largest consumption of energy will contribute more than 50 per cent of the total global emissions of harmful.
The report called for changing patterns of electricity and the expansion of technologies that provide supplies for low power in harmful gas consumption and foremost, renewable energy, nuclear energy and the expansion of the modern generation of power plants that rely on power generation from natural gas and work dramatically reduce emissions.
He pointed to the importance of the role of "OPEC" in helping its members and the rest of the document relations of cooperation countries to reduce emissions in the oil sector.
"The access to oil will become more expensive in the future due to the expansion in increasing the production capacity of the non-conventional oil that is produced in difficult environmental conditions and needs to be high-priced technologies raise production costs and make it difficult to achieve a balance in production due to rising cost pressures and price level downward".
The report explained that conventional oil will continue to be the strongest because it is less in cost as that of conventional oil production techniques have been completed before, as the new alternative sources will continue to be more expensive private production of oil sands crude oil and narrow as well as natural gas liquids.
"The new sources of high costs, as they are rapidly depleted and the difficulty of access compared to conventional oil."He predicted continued pressure towards reducing production costs for new sources, pointing to the continuing debate among the new producers about the need for balance between these pressures and the ability of the technology to work in the opposite direction and speed to reach a less expensive techniques.
The report pointed out that the technology has always played a crucial role in the development and growth of the oil industry and pose in this industry a strong element in shaping the map of supply and demand, and helps mainly on finding new reserves and enhance mobility and improve efficiency in the production and development of the production of new materials and increase the use and applications in the field ofoil.
He pointed out that the technology has evolved a lot in the field of drilling systems and jackhammers and enabled the arrival of the industry to represented in crude oil new resources tight and oil in deep water and facilitated the oil extraction process, is expected to witness the coming years visions of technology more sophisticated reduce costs and lead to a major developmentin transportation and alternative fuels sector.
He pointed to the importance of working quickly to improve production efficiency and the development of the exploitation and management of the energy system, especially in the field of transport.
He said the "economic" Nabil Kuzbari Prime Austro-Arab Chamber, "The energy market in the coming years will see a lot of the features of the change after the multiplicity of sources of production and the entry of new sources of oil such as shale and sandstone, but these experiments have not matured yet despite widespread effects on the market in the last stage."
He pointed to the presence of intense efforts by producers from non-traditional sources in order to compete with conventional oil by reducing the cost of production, but the pressure is building on them due to oversupply and low prices.She told the "economic" Russian analyst Rima Subhanokolova "The strong uptick of demand comes from Asian markets due to population growth, where there are still millions around the world lack the minimum of basic rights in the areas of energy."She pointed to the need to take advantage of the low prices of crude oil in the expansion of the petroleum related industries, which represent a significant added value to the economies of producing countries.
