- Join the France 24 community here
- Log in
Breaking News
18 December 2009 - 16H20
Copenhagen 'must consider oil producers' interests'
An undated picture made available by the Saudi national oil company Aramco in 2008 shows part of the al-Khurais oil facility in the desert, 160 kms east of Riyadh. Saudi Arabia's oil minister has called for any resolution taken at the climate summit in Copenhagen that could affect oil demand to include measures that "reduce the effects" on oil producers.
AFP - Saudi Arabia's oil minister called on Friday for any resolution taken at the climate summit in Copenhagen that could affect oil demand to include measures that "reduce the effects" on oil producers.
"Any measures that might affect oil demand should be accompanied by a counter-measure that minimises their effects on oil producing countries," Ali al-Naimi said in comments published by the Saudi-owned newspaper Al-Hayat.
"Our objective ... is to protect our interests," he added.
Naimi, who is attending the international climate summit, insisted that Saudi Arabia "was not against reducing carbon emissions, quite the opposite."
But he warned that "the world must develop and that is not possible without energy," adding that it would take 100 years before renewable forms of energy can meet 40 percent of global demand.
Naimi dismissed as "empty words" any talk of oil running out soon. "I am a geologist and I know that such views are baseless."
Separately, the Saudi minister repeated that he was satisfied with the current oil price, saying: "all of us -- producers and consumers -- want a price of 75-80 dollars per barrel."
Brent light crude for February delivery was trading at 73.70 dollars a barrel in London earlier in the day.
As the world's biggest exporter of the commodity, Saudi Arabia is the leading member of oil cartel OPEC, which holds its next meeting in Luanda on Tuesday. Naimi reiterated that the meeting "will not bring any changes in production levels."
The Organisation of Petroleum Exporting Country's production ceiling has been fixed at 24.84 million barrels a day since the beginning of 2009.





