Organization of Arab Petroleum Exporting Countries


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Related to Organization of Arab Petroleum Exporting Countries: North Atlantic Treaty Organization, Organization of the Islamic Conference

Organization of Arab Petroleum Exporting Countries

An international organization founded in 1968 to coordinate oil policy among Arab countries. Originally intended for conservative countries like Kuwait and Saudi Arabia, it initially excluded left-wing Arab governments from membership. It is not a cartel like OPEC (which has global membership), but it aims for economic cooperation and regional integration.
References in periodicals archive ?
This was organised by the Organization of Arab Petroleum Exporting Countries (OAPEC) in cooperation with Japan Cooperation Centre Petroleum (JCCP) and Noga on February 3, 2015.
Summary: The Arab Petroleum Investments Corporation (Apicorp, subsidiary of the Organization of Arab Petroleum Exporting Countries (OAPEC), achieved a 112% increase of its net earnings in 2009, jumping to $58.
More comments were expected this weekend at a meeting of the Organization of Arab Petroleum Exporting Countries in Cairo on Saturday, but no formal decision on output policy is expected until the 12 members of OPEC meet on Dec.
The Organization of Arab Petroleum Exporting Countries (OAPEC) previously published similar data about the large annual increase in the consumption of petroleum products in the entire Arab region, not only in the Gulf.
Composed of the official bilateral and multilateral relations between Arab states, as well as non-governmental agencies and popular organizations across Arab states, the Arab cooperative core's most important formal organizations were the League of Arab States, established in 1945, and the Organization of Arab Petroleum Exporting Countries, formed in 1968.
Speaking to the press on the sidelines of the 99th meeting for the ministerial council of the Organization of Arab Petroleum Exporting Countries (OAPEC), Al-Marzouq revealed that importing gas from Iraq will be carried out through a new network of pipelines that will replace an old system.
Ali bin Ibrahim Al-Naimi, Minister of Petroleum and Mineral Resources of the Kingdom of Saudi Arabia, led his country's delegation to the 93rd annual meeting of the Organization of Arab Petroleum Exporting Countries (OAPEC) which was held in the United Arab Emirates capital of Abu-Dhabi yesterday.
The market shifted from contango to backwardation, because people are expecting a shortage," Ali Al Naimi told reporters on the sidelines of an Organization of Arab Petroleum Exporting Countries (OAPEC) meeting in Doha.
Organised by the Arab Petroleum Investments Corporation (APICORP), the Multilateral Development Bank owned by the ten member nations of the Organization of Arab Petroleum Exporting Countries (OAPEC), the Symposium discussed market trends and challenges faced by the industry against the background of ongoing political turmoil in parts of the region; the expanding global map of oil and gas resources; and the vulnerabilities created by the rapid growth of domestic energy markets.
The opening session will feature speeches by the Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa, the Secretary General of the Organization of Arab Petroleum Exporting Countries "OAPEC" Abbas Ali Al-Naqi, Senior Engineers at Aramco and Chairman of the Conference Eng.
The quarterly board meeting of the Multilateral Development Bank owned by the Organization of Arab Petroleum Exporting Countries (OAPEC), held on 23rd October, and was attended by representatives of OAPEC member states: UAE, Bahrain, Algeria, Saudi Arabia, Syria, Iraq, Qatar, Kuwait, Libya and Egypt.
Apicorp is a multilateral development bank owned by the ten member states of the Organization of Arab Petroleum Exporting Countries (OAPEC).
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