OPEC Secretary General, Abdalla Salem El-Badri, has said in London that he remains optimistic about the future of the international oil industry, stressing that its resilience has enabled it to overcome similar challenges in the past. "Tough times require tough choices. I know the industry can make these. It has in the past and I am sure it will do this time. "It is why I remain optimistic about the industry's future," he said in his opening address to the Middle East and North Africa Energy Conference, held at Chatham House in London on January 25, which had as its theme 'Power, Security and Energy Markets'. Giving an overview of 'Energy Markets, Political Developments and Security Challenges', El-Badri stated that given events in the international oil market over the past 18 months or so, when the price of crude had fallen dramatically, "there is clearly much to discuss."
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