2005 - OPEC

ecognised, however, that the serious tightness in the global refinery system would continue to
strain market stability in the next few years, which calls for more efforts to create an environment
that promotes downstream investments in major consuming countries and regions.
The Energy Dialogue’s work programme for 2006 was discussed, in particular the preparations
for meeting on energy technologies, with focus on carbon capture and storage in conjunction
with enhanced oil recovery, as well as a second roundtable on the impact of energy policies
on both demand and supply. In order to enhance cooperation on technology, the participants
also explored the possibility of establishing an EU-OPEC technology centre. They also took note
of the efforts being made to develop the Commission’s internal energy market observation
system and, in this connection agreed to explore cooperation possibilities.
They welcomed an important advance in the producer-consumer dialogue – the formal in-
auguration of the IEF’s Secretariat in Riyadh, Saudi Arabia, and the official launching of the
JODI database, to which both OPEC and the EU have contributed. OPEC and Eurostat of the
European Commission are two of the six international organisations behind the development
of the JODI database. The third meeting of the Energy Dialogue will be held in June 2006 in
Brussels, with a view to following a cycle of yearly meetings at ministerial level.
138 th (Extraordinary) Meeting of the OPEC Conference
Kuwait City, Kuwait, 12 December 2005
The 138th (Extraordinary) Meeting of the OPEC Conference convened in Kuwait City, State of
Kuwait, on 12 December 2005, under the Chairmanship of its President, Sheikh Ahmad Fahad
Al-Ahmad Al-Sabah, Minister of Energy of the State of Kuwait and Head of its Delegation,
and its Alternate President, Dr Edmund M Daukoru, Minister of State for Petroleum of Nigeria
and Head of its Delegation.
The Conference extended a warm welcome to Seyed Kazem Vaziri Hamaneh, Minister of Petroleum
of the IR Iran, and congratulated him on his recent appointment. The Conference extended its
sincere condolences to the Governments and people of the IR Iran and the Federal Republic of
Nigeria at the tragic loss of life caused by recent aeroplane accidents. The Conference welcomed
the presence of the Minister of Energy and Mining of Sudan, the Minister of Petroleum and
Mineral Resources of Syria, the Undersecretary of Petroleum of Egypt, and the Undersecretary
of Oil and Gas of Oman, whose presence in the Meeting again highlights the importance these
countries attach to constructive dialogue and cooperation with OPEC and its MCs.
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