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Organization of the Petroleum Exporting Countries
OPEC and EU Energy Policy
Dr Ralf Vogel
Senior Research Analyst
Energy Studies Department
OPEC Secretariat
Institute for European Studies: Evolving External Energy Interdependencies
Brussels, 27th November, 2012
Organization of the Petroleum Exporting Countries
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OPEC and EU Energy Policy
!   The
Role of Oil
!   The
Role of OPEC
! 
The Current Relation between OPEC and EU
!   Opportunities
for Future OPEC-EU Relations
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The Role of Oil
!   Oil
has been fuelling the world economies for
more than 100 years and will remain the leading
fuel to satisfy global energy demand.
!   Oil
is convenient as energy carrier; for the
transportation sector there are no viable
alternatives.
!   Oil
is not infinite, but continuous technology
advances assure that there will be no supply
shortages in the foreseeable future.
!   Oil
is a valuable resource which shall be used in a
responsible manner.
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The Role of OPEC
• 
OPEC emphasizes on the role of oil to support
sustainable development and to reduce poverty.
• 
OPEC is actively participating in the UN climate
change negotiations.
• 
OPEC will support development of environmentally
friendly technologies which address climate change
concerns and favour the efficient use of clean fossil
fuels, such as CCS.
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The Current Relation between OPEC and EU
!   OPEC
intends to continue and expand the
already existing dialogue with EU
!  EU-OPEC Ministerial Energy Dialogue (annually)
!  EU-OPEC roundtable (2005-2008)
• CCS, energy policies, oil market developments
!  International
roundtable on offshore safety (Nov.)
!  EU-OPEC study and roundtable assessing potential
human resources demand bottlenecks in the
petroleum industry
!  OPEC-EU study on energy efficiency and its
potential impact on demand
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Opportunities for Future OPEC-EU Relations
!   Topic
specific roundtables, studies, workshops.
!   Exchange
views on future energy demand and
supply scenarios.
!   Emphasis
on technologies, cleaner fossil fuel,
CCS, CO2 for EOR.
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Concluding comments
!   OPEC
intends to continue its dialogue with EU
on a range of subjects.
!   OPEC
is ready to collaborate with EU in
achieving a balanced market to avoid the two
extremes of too low or too high oil prices.
!   OPEC
supports technologies that address climate
and environmental concerns for the benefit of its
Member Countries and the EU.
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www.opec.org
Thank you
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