Organization of the Petroleum Exporting Countries (OPEC) He is not against stopping the use of fossil fuels, but he is against setting an exact date for this event. because it believes that doing so is “unrealistic” since at least until 2045 demand will continue to grow, they assured the agency today. EFE sources familiar with their position at COP28.

“Demand continues to grow, ask the countries that buy oil why. “We don’t tell them to buy, we don’t force them, we just cater to their requests,” the same source said in a conversation about OPEC’s arguments at the World Climate Summit in Dubai (COP28).

In this sense, They mentioned the ups and downs of the European Union (EU) when agreeing on a date for stopping the use of vehicles with internal combustion engines.

According to the forecasts they manage, Oil demand will only begin to fall in 2045.and they emphasized that it not only has energy applications, but is also very important for the petrochemical industry, which feeds pharmaceutical companies, for example, and whose needs never cease to grow.

However, they confirmed the authenticity of the letter, published in various media and whose circulation has cast a shadow over negotiations with countries that, such as the EU-led bloc, They defend leaving COP28 with a ‘clear and dated’ agreement the beginning of the end of the fossil fuel era

In the letter, OPEC Secretary General Haitham al-Ghais “respectfully” calls on OPEC and OPEC+ states “that they actively reject any text or formula which targets energy, that is, fossil fuels, rather than emissions.”

“There appears to be undue and disproportionate pressure on fossil fuels may reach a tipping point with irreversible consequences“Because the draft decision still contains options for its elimination,” the letter adds, citing the draft Global Balance, which considers several options for ending coal, oil and gas production.

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Given that OPEC and OPEC+ countries take climate change “seriously” and have “demonstrated that they have a proven track record of climate action,” it would It is unacceptable that politically motivated campaigns jeopardize the future and prosperity of our population,” the document says.

Following the publication of the letter, Spain’s Minister of Ecological Transition and voice for the COP28 EU Presidency Teresa Ribera: He called the move “disgusting.”

OPEC, created in the 60s. consists of thirteen largest oil-producing countries world: Saudi Arabia, Algeria, Angola, Congo, United Arab Emirates, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria and Venezuela.

Between 1993 and 2022, these countries produced 108.7 billion barrels oil equivalent, equivalent to 40.4% of global production, according to OPEC’s website.

According to the same source, an estimated 79.5% (124,352,000 million barrels) of the world’s proven oil reserves are located in OPEC member countries, most of them are in the Middle East.

The OPEC+ alliance unites OPEC members and ten other countries (Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, MexicoOman, Russia, Sudan and South Sudan), to which Brazil is expected to join.

(EFE)