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Environmental challenges predominant theme at oil summit

04/21/2008
Oil and natural gas exploration and development and its relationship to the environment was a predominant theme at the 9th Annual International Oil Summit Apr. 10 in Paris. Organized by Institut Francais du Petrole (IFP) and consultant and publisher Petrostrategies, the summit presented varied subjects, most of which contained an environmental dimension.In a keynote speech, Saudi Arabia Minister of Petroleum and Mineral Resources Ali I. Al-Naimi said a major challenge for the oil and gas industry is to “reduce emissions from fossil fuels while managing the cost of such reductions and their possible negative impact on economic growth and human prosperity.”Al-Naimi said protecti...
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