TEHRAN, YJC. The Oil Minister has delivered a new proposal to oil and energy ministers of 10 ECO countries for maintaining what he has called energy security.
Rostam Ghasemi said today in the 3rd meeting of energy
ministers of the ECO countries that despite advancements regarding green and
renewable energies, these remain of still a small portion in world consumption.
The Oil Minister also provided comments on the ECO as possessing
one fourth of the world’s gas and one eighth of its oil reserves and stated "Despite
the huge hydrocarbon reserve, cooperation and trade within countries member of
ECO is so week.”
He said "Statistics show that currently the ECO has a great
potential for producing energy. With planning and optimal use of energy, the
ECO zone could provide answers for global demands in terms of economy and
energy.”
Ghasemi stressed the need for free energy trade in the zone and
stated "The ECO countries must prioritize cooperation in the energy section.”