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OGP urges ministers to consider oil and gas industry's importance

Thursday, September 19, 2013

The International Association of Oil & Gas Producers (OGP) urged European energy ministers to support the critical role the industry plays in underpinning Europe''s energy security and economic well-being.

Writing to ministers before their 19th September meeting in Vilnius where they will discuss future climate and energy policies, OGP EU Affairs Director Roland Festor stressed that domestic production of oil and gas is a vital ingredient for Europe's security of energy supply and competitiveness.

''It is essential to keep in mind the positive story about the oil and gas sector, when thinking about future energy and climate policy at a time of economic uncertainty,'' said Mr. Festor. ''The industry''s positive contributions must be preserved and encouraged," he added.

In Europe, the oil & gas industry contributes billions of euros to national and regional government budgets through taxation and royalty payments. It provides highly skilled employment and consistently develops innovative solutions to maximize production and improve safety. It is key to the EU''s energy security and therefore to its future prosperity.

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