His Majesty King Abdullah on Sunday met with energy ministers from Arab countries participating in the 8th Arab Energy Conference which opened today under the title “Energy and Arab Cooperation.”

During the meeting, the King lauded successful Arab experiences in this field, citing the Egyptian gas pipeline project and the electric grid connecting Jordan, Egypt, Syria and Lebanon.

Stressing the need for more joint Arab ventures, King Abdullah also highlighted the importance of establishing an Arab institutional framework for oil and energy issues in order to develop a pan-Arab perspective.

He expressed hope that an Arab mechanism would be created to deal with the challenges resulting from the increase in oil prices.

Minister of Energy and Mineral Resources Azmi Khreisat, who attended the meeting, briefed the gathering on the energy conference.

He highlighted the topics on the conference agenda such as energy sources in the Arab world and the financing of petroleum projects, in addition to energy-related issues like the environment and sustainable development.

Referring to the impact of high oil prices on the exporting and importing countries, the energy ministers said the unstable political situation and conflict in oil markets played a crucial role in the surge of crude oil prices in the global market.

They thanked the King for his support of the four-day conference, which represents an important step to promote joint Arab action.

The Jordan Times