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Volume

44

Issue

1

Contents

The Organization of Arab Petroleum Exporting Countries (OAPEC)

was founded on the basis of the agreement signed in Beirut, Lebanon on

9 January 1968 between the governments of Kingdom of Saudi Arabia, the

State of Kuwait and the (then) Kingdom of Libya. The agreement stipulates

that the Organization shall be domiciled in the City of Kuwait.

The principal objective of the Organization is the cooperation of the members in

various forms of economic activity in the petroleum industry, the determination of

ways and means of safeguarding the legitimate interests of its member countries in

this industry, individually and collectively, the unification of efforts to ensure the flow of

petroleum to its markets on equitable and reasonable terms, and providing appropriate

environment for investment in the petroleum industry in member countries.

In 1970 the United Arab Emirates, the State of Qatar, the Kingdom of Bahrain and the

Republic of Algeria joined the Organization, followed by the Syrian Arab Republic and the

Republic of Iraq in 1972, Arab Republic of Egypt in 1973, then the Republic of Tunisia in 1982

(its membership was suspended in 1986). Any Arab country which derives a significant

share of its national income from petroleum is eligible for membership in OAPEC upon the

approval of three-quarters of the member countries, including all three founding members.

In this issue

OAPEC Monthly Bulletin is published by the

General Secretariat of OAPEC- Information

and Library Department.

(ISSN: 1018-595X )

The Cover

Annual Subscription

(11 issues)

Arab Countries

Other Countries

Individuals: KD

10

or equivalent in USD $

Institutions: KD

15

or equivalent in USD $

Individuals : USD $

40

Institutions : USD $

60

Subscription orders should be sent to :

P.O. Box 20501 Safat - Kuwait 13066 - State of Kuwait

Tel :

(+965)

24959724

Fax :

(+965)

24959755

E-mail

:

distribute@oapecorg.org

Web-site

:

www.oapecorg.org

oapec

@oapec

All rights reserved. No reproduction is permitted

without prior written consent of OAPEC.

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Organization of Arab Petroleum Exporting Countries (OAPEC)

Editorial

OAPEC

Activities

Petroleum

Devolopments

Tables Annex