KUWAIT, 2 April 2005 — The EuroGulf Energy Forum, which takes place in Kuwait for two days from today, is the concluding event of the synergy program whose objectives include constructive dialogue aimed at policy formulation and implementation with the major oil and gas producers in the region to enhance security of supply to Europe. “Anticipation for this forum is mounting rapidly,” Giacomo Luciani, professor of political economy and co-director of the Mediterranean program at the Robert Schuman Center of Advanced Studies in Italy, said.
“With oil prices now expected to remain above $50 a barrel for the rest of the year, cooperation between the EU and the GCC is simply a must. The alternative to a more cooperative relationship is a new period of excessively high prices followed by a long depression. We must find a way to deal with oil price vagaries, and the EuroGulf project has numerous original proposals in this sense,” said Luciani who is also one of the members of the synergy program.
