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HE Abbas Ali Al Naqi
OAPEC Secretary General
effectively to achieving the planned goals and policies on developing the
natural gas industry in the member countries.
As for downstream industries, OAPEC members continued with carrying
out many development projects. OAPEC countries’ refining capacity has
reached about 8.09 million b/d from 51 refineries with a share of 91.3% of
the total Arab refining capacity. Member countries also continue to build
new advanced refineries, especially in Kuwait, KSA, Iraq, Algeria, Bahrain,
and Egypt.
Moreover, OAPEC member countries enjoy a significant status in the
petrochemicals industry since the mid-1990s until now. This is in spite of the
strong competition from other countries and the constantly changing basic
variables (whether economic or political) which in turn cast a shadow on the
petrochemicals industry and other petroleum industries alike.
While closely observing the current developments in the petroleum
industry -both regionally and globally-, OAPEC Secretariat General would like
to hail itsmembers’ significant stories of success in 2017, which prove that our
member countries are on the right track. We hope that our member countries
continue to progress in their current and future petroleum projects. We also
hope to see more growth in the Arab petroleum and energy cooperation and
the utilisation of global technological expertise to contribute ultimately to
the development of the petroleum industry in the member countries.
Volume
44
Issue
2
5