AUST Network symposium calls for giving importance to energy research AUST Network

Ajman University of Science and Technology Network is considering the possibility of establishing an Energy Academy to offer academic programs in energy alternatives other than oil and gas.
United Arab Emirates: Sunday, May 07 - 2006 at 14:31 GMT+4
Dr Mohammed Al Shami, Dean of the Faculty of Business Administration
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Speaking at a scientific symposium, Dr Saeed Abdullah bin Salman, President of AUST Network, said, 'With oil prices shooting so high, the world needs to explore cheaper energy resources.' Organized by the Faculty of Business Administration at AUST Network, the symposium called on academic institutions to take the initiative in conducting more research on energy-related issues. "In fact we have plans to establish a new Energy Academy affiliated with AUST Network, in cooperation with the World Oil Producing countries OPEC and the Ministry of Education in the GCC.' Dr Mohammed Al Shami, Dean of the Faculty of Business Administration, said, 'Oil will continue to be the main energy resource in the years to come, but we will begin now to study other options to curb the rapid price rise of oil products.' He said the price will continue to rise due to production shortages, the increasing demand for it, plus other political reasons. The geo-political situation in Iran, with its attempts to build nuclear energy reactors, and the unstable political situation in Nigeria-one of the largest oil producers were some of the reasons affecting oil production. Dr Carol Daal, an Energy Affairs expert, said in her paper that environmental factors, population per capita, and other issues have an effect on the oil price and production. She said, "We need to invest more funds to maintain oil production and consequently its price.'