Azerbaijan, Baku, April 25 / Trend , A. Badalova/
Oil prices ranging between 40-45 dollars per barrel could help energy importing countries especially the developing countries get out of this crisis, Amir of the State of Qatar Sheikh Hamad Bin Khalifa Al - Thani said at the Energy Summit "Natural Gas for Europe: Security and Partnership", summit's official website reported.
"Although the causes of the current economic crisis are purely financial, and the decline in energy prices is a result of this crisis, yet I think that oil prices ranging between 40-45 dollars per barrel could help energy importing countries especially the developing countries get out of this crisis," Hamad Bin Khalifa said.
Amir said recently many national and international companies have announced the postponement or cancellation of numerous energy development plans either due to lack of financial resources or because such projects are no longer economic under low energy prices.
This situation has a negative impact on the extent of the availability of the energy sources needed for the development process in future, he said.
Hamad Bin Khalifa stressed importance of the pursuance of dialogue and coordination between producers and consumers of energy with the aim of maintaining energy production and prices rates within reasonable levels that realize the common goals of both parties and guarantee the continuous flow of supplies required for the economic growth and social development.
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