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Jun 2008 - OPEC

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Above: Rafael Correa, President of Ecuador, speaking with Abdalla Salem El-Badri, <strong>OPEC</strong><br />

Secretary General.<br />

Below: The <strong>OPEC</strong> Secretary General (c), Members of the visiting Secretariat team and Ecuadorean<br />

officials take time out for a photo call.<br />

<strong>OPEC</strong> bulletin 6/08<br />

8<br />

Ecuadorian Ministry of Mines and Petroleum<br />

Esam Al Khalifa<br />

will help in reducing the amount of carbon dioxide emissions<br />

that go into the atmosphere. Another reason for the<br />

Ecuadorean government’s action is that it wants to protect<br />

the inhabitants of the Yasuni area, who have expressed<br />

a desire to be left untainted by modern civilization, from<br />

the encroachment of modernity. This desire can only be<br />

respected if their land is not opened up for oil exploitation.<br />

Government responsibility<br />

The government’s desire to respect the wishes of the<br />

people notwithstanding, it also has a responsibility to<br />

the vast population of the country — the responsibility<br />

to provide them with social services. This responsibility<br />

can better be fulfilled with resources, which are plentiful<br />

in the Yasuni. The government is therefore calling on the<br />

international community to support it by providing some<br />

of what it is going to forego as a result of not exploiting<br />

its natural resources. The Yasuni area is one of the many<br />

areas with oil deposits. The government is now concentrating<br />

on the other areas, one of which is Block 15, a<br />

90-minute helicopter flight from Quito, the capital.<br />

Conducting the Secretary General round the facilities<br />

at Block 15, General Manager, Engineer Ramiro Cazar,<br />

said the facility, which serves as a collection point for<br />

dozens of wells in the block, also has the capacity to produce<br />

diesel. He explained that there are plans to expand<br />

operations with a view to boosting production.<br />

In a meeting with the Ecuadorean President, Rafael<br />

Correa, El-Badri welcomed Ecuador back to the <strong>OPEC</strong><br />

fold as a full Member, assuring the President that the<br />

Secretariat is, at all times, ready to provide whatever<br />

assistance it can to Ecuador’s oil industry. President<br />

Correa welcomed El-Badri and called on the Organization<br />

to help sell the idea of the Yasuni-ITT project to the international<br />

community, while assuring him of the continuous<br />

support of Ecuador to <strong>OPEC</strong>.<br />

Secretariat presentations<br />

The <strong>OPEC</strong> delegation made presentations to staff of the<br />

state oil company, Petroecuador, and the Ministry of<br />

Mines and Petroleum at the Ministry’s headquarters.<br />

While Esam Al Khalifa of the <strong>OPEC</strong> Secretariat’s Petroleum<br />

Market Analysis Department presented a paper on the<br />

current oil market situation, Fuad Al-Zayer spoke on the<br />

importance of data to <strong>OPEC</strong> research activities. Dr Omar<br />

Farouk Ibrahim, Head of the Secretariat’s Public Relations

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