Nasser Al-Sabah: Kuwait supports strengthening joint Gulf cooperation

The Committee of Deputies for Petroleum Cooperation of the Gulf Cooperation Council (GCC) countries held its twentieth meeting via video conferencing, with the participation of His Excellency Dr. Nemer Fahad Al-Malk Al-Sabah, Undersecretary of the Ministry of Oil. The meeting discussed a number of topics and files related to enhancing the trajectory of joint GCC efforts in the energy sector. The Ministry of Oil stated that the meeting addressed a range of strategic topics reflecting the broad scope of GCC cooperation in the energy sector, including the updated Energy Strategy, energy security and just and balanced transition, the Regional Emergency Plan for Petroleum Products, as well as relevant international legislative and commercial developments affecting the energy sector.

In this context, Al-Sabah noted that the meeting explored ways to develop GCC coordination mechanisms to keep pace with the rapid changes occurring in the energy sector regionally and internationally. He emphasized the importance of continuing joint efforts to support energy security, reliability, and sustainability of supplies, while taking into account the national priorities and circumstances of GCC member states. He pointed out that the meeting discussed the updated Energy Strategy, which represents a broader framework for GCC cooperation in the sector and encompasses various energy sources. He also highlighted the importance of aligning the work of relevant committees and technical teams with this strategy, thereby translating its objectives into actionable and monitorable programs and work plans.

Furthermore, the Regional Emergency Plan for Petroleum Products was among the files discussed, as part of efforts to enhance GCC readiness and improve coordination among competent authorities to handle emergencies and disruptions that could affect supplies and supply chains. The meeting also reviewed developments related to cross-border European legislation and measures and their potential impacts on the energy sector and companies of GCC member states.

His Excellency Sheikh Nemer Al-Sabah affirmed that Kuwait is keen to continue its role in supporting joint GCC efforts in the energy sector and enhancing coordination among GCC member states on regional and international issues, in order to safeguard common interests and support the security, stability, and sustainability of energy supplies. He concluded by stressing the importance of continuing work through specialized committees and technical teams to translate GCC orientations and decisions into practical programs and initiatives, and to strengthen integration and coordination among GCC member states in the face of developments and changes in the energy sector.