Organization of Arab Petroleum Exporting Countries
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Organization of Arab Petroleum Exporting Countries |
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We are pleased to make available on the internet information about OAPEC, with the hope that it will assist researchers understand the nature of our organization and reduce the confusion about its role as compared to that of OPEC. OAPEC was established in 1968 with permanent headquarters in Kuwait It is an instrument of Arab cooperation whose objective is to provide support to the Arab oil industry. Its activities are developmental in nature, and its membership is restricted to Arab countries with oil revenues that constitute a significant part of their GNP. Furthermore, it caters for issues that relate to energy in all members of the Arab League, and for that purpose a meeting is organized every four years. OPEC on the other hand, is an international organization established in 1960 with the purpose of insuring a fair price for oil and support market stability. All issues affecting the price of oil is OPEC's prime domain. It is our hope that the information made available on this Website will help provide a clear concept of OAPEC to those who are interested in Arab cooperation in the field of oil. Secretary General
OAPEC Email is changed to: & oapec@oapec.fasttelco.com
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oapec@oapecorg.org
with questions or comments about this web site.
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