MAY - E

The Organization carries out its activities through its four organs:

•

Ministerial Council:

The Ministerial Council is the supreme authority of the Organization, responsible for drawing up its general

policy.

•

Executive Bureau:

The Executive Bureau is composed of one representative from each of the member countries, drawing

recommendations and suggestions to the Council, reviewing the Organization’s draft annual budget and submitting it to the Council,

it also adopts the regulations applicable to the staff of the General Secretariat. The resolutions of the Executive Bureau are issued by

the majority of two- thirds of all members.

•

General Secretariat:

The General Secretariat of OAPEC plans, administers, and executes the Organization’s activities in accordance

with the objectives stated in the agreement and directives of the Ministerial Council. The General Secretariat is headed by the

Secretary General. The Secretary General is appointed by resolution of the Ministerial Council for a tenor of three years renewable

for similar period(s). The Secretary General is the official spokesman and legal representative of the Organization and is accountable

to the Council.

The Secretary General directs the Secretariat and supervises all aspects of its activities, and is responsible for the tasks and duties

as directed by the Ministerial Council. The Secretary General and all personnel of the Secretariat carry out their duties in full

independence and in the common interests of the Organization member countries. The Secretary General and theAssistant Secretaries

General possess in the territories of the Organization members all diplomatic immunities and privileges.

•

Judicial Tribunal:

The protocol of the Judicial Tribunal was signed in Kuwait on 9 May 1978 and came into effect on 20 April 1980.

The Tribunal is competent to consider all disputes related to the interpretation and application of OAPEC’s establishment agreement,

as well as disputes arising between two or more member countries concerning petroleum operations.

OAPEC’S ORGANS

OAPEC Monthly Bulletin

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and Library Department.

(ISSN: 1018-595X )

reproduction is permitted without

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Editorial

OAPEC Member Countries

OAPEC Activities

OAPEC Publications

OAPEC Sponsored Ventures

Petroleum Devolopments

Tables Annex

In this issue

oapec

@oapec

Conference on “latest

Advancements in Refining

and Petrochemicals

“industries

ministerial meeting

of oil Producing

Countries in doha

Volume42 Issue 5

CONFERENCE ON “LATEST ADVANCEMENTS IN

REFINING AND PETROCHEMICALS INDUSTRIES”

The “Latest Advancements in the Refining and Petrochemical Industries

Conference” was held in Manama, Bahrain, during 17-19 April 2016 under the

patronage ofBahrain’sMinister ofEnergyDrAbdulhussainMirza.The conference

was co-organised by OAPEC, Japan Cooperation Centre Petroleum (JCCP) and

NationalOil andGasAuthority (NOGA) in theKingdom ofBahrain.

Volume42 Issue 5

In a speech during a press

conference held after ministers

of oil-producing countries met

in Doha, HE the Minister of

Energy and Industry said that

18 countriesmet to discuss how

to move ahead with what was

previouslyproposed in ameeting

held in February 2016 in Doha,

where

participants

reached

agreement

freeze oil

productionatJanuary2016levels.

Al Sada said, many scenarios

wereput forward inorder to reach

an agreement for a production

freeze, but “we understand the

desire for further consultations

expressed by the participants of

themeetingwho have their own

views.”He said, the participants

agreed that thecurrentsituationof

oilmarkets isbetter than itwas in

February, and that the oilmarket

have seen an improvement that

contributed to the recovery of

oil prices after falling during the

previous period, a matter which

raised fears of a decline in oil

productiondue to falling prices.

He pointed out that oil prices

are on the right track now, and

thatmore time is needed to track

how long it will take until the

price correction is complete.

the

possibilities

convening another meeting on

thematter,HE theMinister said

that it will be decided after the

talks and discussions between

the participating countries and

will also be depending on the oil

market movement. HE stressed

that

communication

channels

between

the

participating

countries

remain

open,

considering the meeting, which

was held in Doha in February,

to have been a good platform for

openingcommunicationchannels

between these countries and to

remove any misunderstanding

between them concerning the

mechanism

freezing

oil

production.

MINISTERIAL MEETING OF OIL PRODUCING COUNTRIES IN DOHA

FURTHER CONSULTATIONS TO FOLLOW

Qatar’sEnergy and IndustryMinisterHEDrMohammedbinSaleh

AlSada said that theparticipantsofDohaministerialmeeting on 17

April 2016need to conduct further consultations to adoptaunified

mechanism towardsoilmarkets.

QATAR