Roundup: OPEC seminar highlights energy transition, cooperation
OPEC Secretary General Haitham Al Ghais said that OPEC believes each country has its own path toward energy transition, and there is no one-size-fits-all solution. "The energy pie is growing. The mix is growing," he added.
Wolfgang Hattmannsdorfer, Austria's minister for economy, energy and tourism, said the energy sector is undergoing transformation, and all stakeholders should be included in the conversation to ensure a successful transition.
Under the theme "Charting Pathways Together: The Future of Global Energy," the event saw global energy leaders discussing hot issues including energy security, investment and emissions reduction within the context of energy transition.
Noting the current complex geopolitical situation, Mukhtar Babayev, special representative of the president of Azerbaijan on climate issues, stressed the importance of enhancing multilateral cooperation and international agreements.
Solar and wind energy sources can offer new opportunities for energy security, he said, adding, "Financial assistance is crucial for investing in energy infrastructure and renewable energy projects in developing countries."
Luz Elena Gonzalez, Mexico's secretary of energy, highlighted the importance of the sustainable use of hydrocarbons while advancing an energy transition that prioritizes access, social justice, and inclusion.
She called for broader investments to ensure all people can benefit from modern energy access, particularly women and indigenous communities.
Mohammad A. Abunayyan, founder and chairman of the Board of Directors of ACWA Power, spoke highly of China's performance in broadening its energy mix and advancing its energy transition during a high-level roundtable on Thursday. He also emphasized the potential of green hydrogen and other renewable sources.
During the seminar, OPEC launched its 2025 World Oil Outlook, which forecasts a 23 percent rise in global energy demand by 2050. Global oil demand is expected to continue growing steadily, the report noted.
The analysis reflects recent developments in energy and the global economy, including major shifts in energy policy as leaders respond to challenges related to energy security, affordability, and emissions reduction, according to an article on the OPEC website.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Borneo Post
4 hours ago
- Borneo Post
Tech-driven logistics boosts plum delivery in remote SW China county
Villagers pick plums at an orchard in Wushan County in southwest China's Chongqing Municipality on July 5, 2025. – Xinhua photo CHONGQING (July 13): In an orchard in Quchi Township of Wushan County in southwest China's Chongqing Municipality, villager Peng Bin finished picking fresh plums. A black robot dog soon trotted over to Peng, carrying a basket full of fruit on its back. Eight minutes later, the plums arrived at a postal dispatch stop. They were packed and prepared for transfer to a drone. A robot dog transfers packs of plums to a postal dispatch stop in Wushan County in southwest China's Chongqing Municipality on July 5, 2025. – Xinhua photo Five minutes later, a drone loaded with over 50 kilograms of plums took off and reached the collection point at Wushan airport seven minutes later. On the tarmac, a special 'plum flight' awaited takeoff. With seamless coordination between robot dogs, drones and aircraft, the plums completed their journey out of the mountains in a very short time. On both banks of the Three Gorges section of the Yangtze River in Chongqing, 300,000 mu (about 20,000 hectares) of Wushan plums are now ripening. Plum transportation in the area once relied on manual labor and trucks. Drones transferring packs of plums arrive at the collection point at Wushan airport in southwest China's Chongqing Municipality on July 5, 2025. – Xinhua photo Peng, who has planted more than 100 mu of plums in this area with rough terrain. 'Last year, we had drones. This year, we have robot dogs and drones. 'Plum transport is faster than ever, and we have saved a lot on labor costs,' Peng said. Li Yongjun, general manager of the Wushan County branch of China Post Group Co Ltd, said that the postal service has developed a new model combining 'robot dog in the field transport, drone transfer and plum flights'. Photo taken on July 5, 2025 shows a special 'plum flight' at Wushan airport in southwest China's Chongqing Municipality. – Xinhua photo Compared with human and animal labor, robot dogs have proved better suited to rough terrain – and they have more than tripled transport efficiency. Drone transfers, meanwhile, have broken through geographical constraints, further slashing the transport time. 'As transport efficiency has been greatly improved, consumers can enjoy high-quality Wushan plums shortly after they are picked, while farmers are also earning more,' Li noted. Currently, fresh Wushan plums can be delivered within 24 hours to over 1,000 cities across China. This year, it is expected that 140,000 tonnes of plums will be sold nationwide, with total output value projected to exceed 2.2 billion yuan (about US$307.6 million), said Chen Huiyi, director of the Wushan County transportation bureau. – Xinhua China Chongqing plums Xinhua
Borneo Post
4 hours ago
- Borneo Post
Aviation industry takes off from China's city of rice
A general aviation aircraft prepares to take off at an aerospace town in Wuhu City, east China's Anhui Province on July 3, 2025. – Xinhua photo HEFEI (July 13): When Li Youcai left a garment factory and returned to his rural home in the city of Wuhu a decade ago, finding a job in a local aircraft factory seemed unimaginable. Li had initially planned to resume farming his small rice paddy. The city in east China's Anhui Province was historically known for growing rice, and in the 2010s, it had a thriving manufacturing sector, including car assembly. 'General aviation industry? Never heard of it,' he recalled thinking at that time. Li now leads a team of workers in an assembly factory owned by CETC Wuhu Diamond Aircraft Manufacture Co Ltd (CETC Aircraft). He is proud to be part of Wuhu's sophisticated supply chain for making aircraft from scratch. 'My dream is to board one of the planes we've built,' said the 47-year-old worker. What changed his career trajectory and the future of Wuhu was a bold move to set up the city's first general aviation company in 2013, well before China proposed developing the low-altitude economy. CETC Aircraft is now one of the few Chinese general aviation firms that produce both manned aircraft and unmanned aerial vehicles (UAV). It has delivered over 100 manned models and over 300 drones since mass manufacturing began in 2018. In May, the company celebrated the first overseas delivery of its DA42 NG manned aircraft, according to Tian Manlin, the company's general manager. Even more impressive is its success in gathering nearly 200 clustered firms to form an industrial park that supplies key components from engines to propellers and provides related services. 'You can make an aircraft without even leaving the industrial park,' said Zhu Yinghua, vice head of the Wanzhi District of Wuhu, where the aviation cluster is located. 'For all the key components of a domestically produced aircraft, you can find a supplier within a 3-kilometer radius.' The Wuhu company is now recognised as a 'chain leader firm', which has garnered more attention for its ability to drive the growth of an entire industrial chain. Many Chinese cities are inviting or fostering such companies in their efforts to develop emerging industries from robotics to AI. 'In the future, the competition will happen not only between individual companies, but also between clusters of companies,' Tian said, adding that they are working closely with others in the industrial park to rev up innovation. A worker assembles a general aviation aircraft at the workshop of CETC Wuhu Diamond Aircraft Manufacture Co Ltd in Wuhu City, east China's Anhui Province on July 3, 2025. – Xinhua photo Long-termism China's 2024 government work report included the concept of a 'low-altitude economy' for the first time. The term includes drone delivery, aerial sightseeing and other industries operating below 1,000 meters above ground. Since then, the sector has seen rapid expansion, with its scale projected to exceed 1 trillion yuan (about US$140 billion) by 2026. In Wuhu, the low-altitude economy sector reported revenue of 46.38 billion yuan in 2024, marking a yearly rise of 15.95 per cent, according to the municipal development and reform commission. But before the national policy tailwind, Wuhu had been making preparations. For years, the city has been promoting new application scenarios for general aviation aircraft, such as high-rise firefighting and river patrols. It is also building an intelligent platform for low-altitude management. Tian also emphasised the importance of long-term planning in the company's development. CETC Aircraft has spent years developing original technologies and has initiated a general aviation research institute. The company now pours 30 per cent of its revenue into R&D. 'Wuhu and its companies are both innovative and patient,' said Tang Zhiqiang, deputy dean of Anhui institute of industry and information technology. 'Over a decade of continuous investment is crucial to the sector's take-off.' – Xinhua aerospace aviation industry CETC China Xinhua
The Star
6 hours ago
- The Star
PKK's disarmament marks milestone for regional peace, stability: Iraqi presidency
BAGHDAD, July 12 (Xinhua) -- The recent announcement by the Kurdistan Workers' Party (PKK) to begin the process of disarmament marks a major milestone in the effort to consolidate long-term peace and stability, the Iraqi presidency said on Saturday. The PKK's disarmament process is an important and historic step toward ending decades of armed conflict and repeated security violations that have cost countless civilian lives, the Iraqi presidency said in a statement. This development paves the way for a more stable and secure future, strengthening the prospects for peace and constructive cooperation across the region, it read, stressing the importance of full commitment from all sides to uphold security, respect sovereignty and support the legitimate rights of all communities. The disarmament is also expected to "reinforce bilateral relations between Iraq and Türkiye, built on mutual respect, shared interests and a common vision for regional security and prosperity," it noted. In a June-recorded address released earlier this week from Imrali Island prison off Türkiye's Istanbul, Abdullah Ocalan, the jailed leader of the PKK, declared that its over 40 years of armed struggle against Türkiye for self-rule was over, and details regarding disarmament will be swiftly implemented. On Friday, a group of PKK militants burned their weapons in a symbolic ceremony in Sulaymaniyah province, according to Iraqi media. The PKK, listed as a terrorist organization by Türkiye, the United States, and the European Union, has rebelled against the Turkish government for more than three decades.
