EcoSecurities Assists in Achieving UN Registration of First Kyoto Project in The GCC Region

EcoSecurities, one of the world's leading companies in the
business of sourcing, developing and trading carbon offsets from
greenhouse gas emission reduction projects, announces that Qatar
Petroleum's Oil Field Gas Recovery and Utilisation project at the
Al-Shaheen oil field has been registered with the United Nations,
under the Clean Development Mechanism (CDM) of the Kyoto Protocol.

EcoSecurities acted as carbon advisor for the project in
developing key components of the Project Design Document (PDD).

The project, the first of its kind in the region, captures and
processes associated gas from the Al-Shaheen oil field, located 90 km
off the coast of Qatar, which was previously flared and utilizes it
for domestic use. Overall, the project reduces flaring by
approximately 80%, thereby contributing substantially to the reduction
of greenhouse gas emissions in the State of Qatar.

The project comprises three main components: recovery of
associated gas; transmission of the associated gas along a pipeline;
and utilisation of the associated gas at the Messaieed gas processing
plant.

The project activity is estimated to reduce Qatar Petroleum's
greenhouse gas emissions by over two million tonnes of CO(2) per year
making it Qatar's largest CDM project for reducing CO(2) emissions to
date.

Pedro Moura Costa, President and COO of EcoSecurities commented
that, "EcoSecurities is glad to have been involved in this exciting
development. Avoided flaring has great potential for emission
reductions worldwide and in the Middle East in particular, and this
initiative of Qatar Petroleum will hopefully mark the beginning of a
new trend."

Souheil Abboud, EcoSecurities' Middle East Regional Director,
added that, "This is an important development with relation to the
potential for CDM participation of Middle East countries, who should
feel encouraged to develop similar projects based on the success seen
in Qatar."

Alongside a large volume of emission reductions, the project will
also deliver a variety of socio-economic, environmental and
technological benefits. The project increases the national energy and
electricity supply in Qatar without adding to existing levels of
fossil fuel consumption; provides employment - in the construction
phase alone, several hundred jobs were created - and transfers
technical knowledge to local industry.

As the first registered CDM project in Qatar and in the GCC, the
project will act as a clean technology demonstration project,
encouraging development of similar projects throughout both Qatar and
the Middle East.

Editor's Notes:

About EcoSecurities:

EcoSecurities is one of the world's leading companies in the
business of originating, developing and trading carbon credits.
EcoSecurities structures and guides greenhouse gas emission reduction
projects through the Kyoto Protocol, working with both project
developers and buyers of carbon credits.

EcoSecurities works with companies in developing and
industrialising countries to create carbon credits from projects that
reduce emissions of greenhouse gases. EcoSecurities has experience
with projects in the areas of renewable energy, agriculture and urban
waste management, industrial efficiency, and forestry. With a network
of offices and representatives in over 20 countries on five
continents, EcoSecurities has amassed one of the industry's largest
and most diversified portfolios of carbon projects. Today, the company
is working on 426 projects in 36 countries using 18 different
technologies, with the potential to generate more than 178 million
carbon credits.

EcoSecurities also works with companies in the developed world to
assist them in meeting their greenhouse gas emission compliance
targets. Utilising its highly diversified carbon credit portfolio,
EcoSecurities is able to structure carbon credit transactions to fit
compliance buyer's needs, and has executed transactions with both
private and public sector buyers in Europe, North America and Japan.

Working at the forefront of carbon market development,
EcoSecurities has been involved in the development of many of the
global carbon market's most important milestones, including developing
the world's first CDM project to be registered under the Kyoto
Protocol. In 2006, EcoSecurities won the Point Carbon Award for 'Best
CDM/JI Project Developer'. EcoSecurities' Global Consulting Services
has been at the forefront of all the significant policy and scientific
developments in this field, and has been voted the world's 'Leading
Greenhouse Gas Advisory Firm' every year since 2001 by reader surveys
conducted by Environmental Finance magazine.

EcoSecurities Group plc is listed on the London Stock Exchange AIM
(ticker ECO.L). Additional information is available at
www.ecosecurities.com.