Awwal 20, 1432, Feb 23, 2011, SPA -- The Extraordinary Ministerial Meeting of International Energy Forum (IEF) which concluded in Riyadh yesterday issued a concluding statement on its discussions about relationship between financial and oil markets, regulations organizing energy markets as well as activities related to the Initiative of Joint Oil Data. The following is the text of the statement of the International Energy Forum: Upon the invitation from the Government of Saudi Arabia and under the patronage of the Custodian of the Two Holy Mosques King Abdullah Ibn Abdulaziz, Ministers and representatives from 86 energy producing, energy consuming and transit countries met in Riyadh, Saudi Arabia, on 22 February 2011 in a historic Extraordinary IEF Ministerial Meeting to approve and sign the IEF Charter, discuss current and future energy markets and celebrate the 20th Anniversary of the producer-consumer dialogue that started in 1991 in Paris, France. The IEF Charter marks a new era of international energy cooperation built on greater mutual understanding and trust, with a significant reinforced political commitment to an informal, open, informed and continuing global energy dialogue in the framework of the IEF among energy producing and energy consuming countries, including transit States. 86 countries approved and signed the IEF Charter today, thus creating a solid foundation for a productive dialogue that fosters greater mutual understanding between producing and consuming countries on key energy policy issues and, where possible, narrows the differences in views and helps build trust in policy intentions. With all the major energy producers and consumers united in this dialogue framework, this fact sends a powerful positive signal to the energy world and energy markets that difficult issues can and will be tackled in a global context, whenever necessary. --More
