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Al-Badawi: Gulf nations diversify energy exports
The Secretary-General of the Gulf Cooperation Council, Jassim Mohammed Al-Budaiwi, affirmed that energy security in the Gulf countries extends beyond mere production to ensuring the continuity of supplies and market stability. This is achieved through diversifying export outlets and supply chains to enhance the resilience of the energy system and its ability to face changes. These remarks were made during a conference in Manama, where it was highlighted that the region's oil reserves amount to nearly 518 billion barrels, and gas reserves exceed 44 trillion cubic meters, with a daily production of over 16 million barrels of oil and 461 billion cubic meters of gas. He emphasized the importance of strengthening Gulf coordination to ensure the reliability of supplies and of monitoring international legislations with cross-border impacts to protect the competitive interests of the member states in the global energy markets.
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