Naimi pointed out that the Secretariat, together with APEC, Eurosat, IEA, OLADE, OPEC, UNSD supervises JODI, which provides important energy -related data to the public, indicating that energy producers and consumers believe that JODI is an important achievement that helps countries plan better for the future and we are honored to host the secretariat today in Riyadh. He noted that during the two ad-hoc meetings held in Jeddah and London in 2008, the need was felt to establish an expert group to provide recommendations to the 12th IEF ministerial Meeting in order to strengthen the IEF's global dialogue architecture, and reduce oil-market volatility, adding that it was also decided that the International Energy Agency and the Organization of Petroleum Exporting Countries should provide technical assistance to the IEF secretariat, as needed. Al-Naimi said, "A high Level Steering Group, coordinated by the IEF secretariat , thus was established to oversee terms of reference and the work of the expert group. The findings and recommendations of the High Level Steering Group resulted in the Cancun Ministerial Declaration , approved by all 66 countries participating in the 12th Ministerial Meeting held in Mexico in March 2010. --MORE
