Joint Ventures

Arab Maritime Petroleum Transport Company (AMPTC)

The agreement establishing AMPTC was signed on May 6, 1972 . The activities of the company were defined as covering all operations related to the marine transportation of hydrocarbons...

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Arab Shipbuilding and Repair Yard Company (ASRY)

The agreement establishing ASRY was signed in Kuwait 1973. The company was officially set up in Bahrain with the following countries as shareholders: Bahrain, Iraq, Kuwait, Libya, Qatar, Saudi Arabic, and the United Arab Emirates. ASRY’s incorporation was announced in December 1974 with an authorized capital of $100 million...

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Arab Petroleum Investments Corporation (APICORP)

The agreement establishing APICORP was signed on 1974. APICORP was officially formed in AL Khobar City in Saudi Arabia, with all OAPEC member countries as shareholders. The authorized capital of the Corporation was $1.2 billion, with $400 million subscribed. In May 2003 the General Assembly of the Corporation approved raising its subscribed capital...

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Arab Petroleum Services Company (APSCO)

The agreement establishing this company was signed on 1975. APSCO was formally founded in Tripoli, Libya, in January 1977 with all OAPEC member countries as shareholders...

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Arab Petroleum Training Institute (APTI)

APTI was established in Baghdad, Iraq, in May 1978, to prepare instructors qualified to provide training in the many technical aspects of the oil industry, and to augment the administrative and technical personnel responsible for the different fields of the industry. The other objectives of APTI include performing research and conducting studies...

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