OPEC
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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