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OPEC sees threat from 'alternative energy' Tuesday, August 16, 2005
ABU DHABI — OPEC plans to establish a research and development institute in an effort to improve oil production technology.
"Our competitors, the alternative energy providers, are intensively pursuing research programs aimed at reducing the domination of oil and gas in the global energy market," Abdullah Salatt, Qatar's representative to OPEC, said. "Likewise, we should have our own independent programs."