Riyadh Declaration: 17–18 November 2007

Por Venezuela Real - 19 de Noviembre, 2007, 11:56, Categoría: Petróleo/Energía

17–18 November 2007

The Third Summit of Heads of State and Government of OPEC Member Countries
Riyadh, Kingdom of Saudi Arabia

We, the Heads of State and Government of Member Countries of the Organization of the Petroleum Exporting Countries (OPEC), continuing in the spirit of our First and Second Summits held in Algiers and Caracas in 1975 and 2000, respectively, have accepted the invitation extended by the Custodian of the Two Holy Mosques, King Abdullah Bin Abdulaziz, to meet for our Third Summit in Riyadh, the Kingdom of Saudi Arabia, from 17 to 18 November 2007. 

Reaffirming the inalienable and permanent sovereign rights of our Countries over their natural resources; 

Cognizant of our Countries’ commitments to conserve, efficiently manage and prolong the exploitation of their exhaustible petroleum resources, in order to promote the sustainable development and the welfare of our future generations; 
Recognizing our obligation to develop our Countries and raise the living standards of our peoples; 

And emphasizing the role of our Organization and its contribution to global energy market stability and economic prosperity; 
Have agreed to the following principles to guide our Organization and Member Countries’ economic, energy and environmental endeavours, within the following three themes: 

• Stability of global energy markets
• Energy for sustainable development
• Energy and environment

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