The third edition of the seminar 'Pathways for Reducing Carbon Emissions in Downstream Petroleum Industries', organized by the Organization of Arab Petroleum Exporting Countries (OAPEC), kicked off today, Wednesday, in the Saudi capital Riyadh, on the sidelines of the 25th World Petroleum Congress.
The Saudi Press Agency (SPA) quoted OAPEC Secretary-General Khaled Al-Otaibi as saying: "The holding of the seminar reflects the Organization's commitment to supporting technical dialogue and enhancing regional cooperation," emphasizing the importance of adopting balanced policies, utilizing effective technologies, and sustainable investments to meet the growing demand for petroleum products, improve efficiency, and reduce carbon emissions.
Al-Otaibi pointed out that downstream petroleum industries will remain a central pillar in the Organization's work, due to the added value they provide and their role in supporting industrial development and enhancing the competitiveness of Arab economies.
For his part, Saudi Deputy Minister of Energy for Sustainability and Climate Change Khaled Al-Muhaid stressed the importance of regional cooperation and adopting pathways suited to the national conditions of each country, highlighting the role of carbon capture, utilization, and storage technologies, artificial intelligence, and the circular carbon economy approach in improving efficiency and managing emissions, while considering energy security and affordability.
The seminar is held on October 14 and 15, with participation from representatives of government bodies, companies, academic and research institutions, and regional and international organizations, aiming to exchange expertise and showcase practical solutions and modern technologies to reduce carbon emissions in downstream petroleum industries.
The 25th World Petroleum Congress is being held in Riyadh from October 11 to 15, for the first time in the Kingdom of Saudi Arabia since its first edition in London in 1933.
Source: Syrian Arab News Agency (SANA)
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