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ENERGY |
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95 Firms Set up Database
By CHIKA IZUORA, A NEW oil database, prepared with the help of seven energy organizations and nearly 95 oil producing and consuming countries, will be published periodically after being released to the public near the end of the year. The database is prepared as part of a Joint Oil Data Initiative (JODI) by the Intertional Energy forum Secretariat (IEFS) and other energy organizations. “The new database will promote data Sharing and market
transparency, “said Ame, Walther, IEF’ S secretary-General. Walther spoke to the press about the JODI, the need for more
dialogue among oil producers and consumers, the oil market and
regional cooperation with the World Petroleum Congress (WPC) to be
hosted by South Africa. Al-Naimi, Saudi Minister of Petroleum and
Mineral Resources was believed to deliver his key address at the
18th WPC on September 27. Refering to the new oil database, he said: “The IEFS is working
with the Asian Energy Research Center (APEC), the’Statistics Office
of the European Union (EUROSTAT) , the Interna tional Energy Agency
(lEA) the OPEC, the Latin-American Energy Organization (OLADE) and
the UN Statistical Division (UNSO) to release the database. The
joint effort, aiming at improving the quality and transparency of
information on oil statistics involves assessing, the current He referred to the role played by IEFS in the, “Roundtable of Asian Ministers on Cooperation in the Oil and Gas Economy” organized early this year by Indian minister of Petroleum and Natural Gas. The next meeting of Asian ministers regional energy
interdependence will be hosted by Saudi Arabia, said Walther. EuroGulf is a research project on EU-GCC energy relations supported financially by European Commission (EC) and involving a consortium of European and Arab institutes. Moreover, the UN has invited IEFS to contribute to the focus to be on energy development in 2006-2007, following the Johannesburg world summit.
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©2005 New Nigerian Newspapers Limited.