Kuwaiti Oil Minister Khaled al-Fadhel attends a meeting of members of the Organization of Arab Petroleum Exporting Countries (OAPEC) in Kuwait City on December 22, 2019. (AFP / YASSER AL-ZAYYAT)
Kuwait: Fossil-based fuel will form 75 percent of global energy by 2035, according to expectations of the Organization of the Petroleum Exporting Countries (OPEC).
The remarks were made by Kuwait's Minister of Oil and Minister of Electricity and Water Khaled Al-Fadhel during the 103rd meeting of the Organization of Arab Petroleum Exporting Countries (OAPEC) in Kuwait on Sunday, Kuwait's News Agency (KUNA).
He noted the need for further cooperation to protect the stability of oil markets in the coming months.
The meeting comes after a series of key international events in the oil and gas field, including the meeting of parties to the United Nations Framework Convention on Climate Change, held in Madrid.
It also comes after the recent OPEC Ministerial Meeting in Vienna, where members agreed on further reduction in oil output by 500,000 barrels a day starting next January, said Al-Fadhel.
OAPEC was established in 1968 and is divided into the Council of Ministers, Executive Bureau, General Secretariat and the Judicial Tribunal.
