Iranian governor for OPEC: IEF Ministerial meeting aims to draft a new charter

Oil&Gas Materials 10 January 2011 14:01 (UTC +04:00)

Azerbaijan, Baku, Jan. 10 / Trend, A.Yusifzade /

The International Energy Forum (IEF)  ministerial meeting aims not only to revise current statute in order to adapt with new changes but also plans to draft a new charter, Shana quoted Iranian governor for OPEC, Mohammad Ali Khatibi as saying.

According to Khatibi, to this end an ad hoc committee was established providing the framework for discussion on the issue in Riyadh in December 2010.

Noting that many members' suggestions were included in the charter, Iranian governor for OPEC said it is slated other suggestions to be included in the chapter if possible and then the final version to be sent to IEF members for confirmation.

'Those countries to ratify the final version of the chapter will be invited to ministerial meeting of the IEF in Riyadh,' Khatibi noted.

Khatibi added that Iran had made offers and many of them were included in new statute.

IEF Ministerial meeting will be held in Riyadh, Saudi Arabia, Feb. 22, 2011 to ratify a new statute.

The International Energy Forum (IEF) is the world's largest gathering of Energy Ministers. IEF Countries account for more than 90% of global oil and gas supply and demand. In addition to IEA and OPEC countries, transit states and key energy players, including Brazil, China, India, Mexico, Russia and South Africa, participate in the Forum. The magnitude and diversity of this engagement is a testament to the IEF's position as a neutral facilitator. Through the Forum and its associated events, IEF Ministers, their officials, energy industry executives, and other experts engage in a dialogue of increasing importance to global energy security. The IEF and the global energy dialogue are promoted by a permanent Secretariat of international staff based in the Diplomatic Quarter of Riyadh, Saudi Arabia.