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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

is published by the General

Secretariat of OAPEC- Information

and Library Department.

(ISSN: 1018-595X )

All rights reserved. No

reproduction is permitted without

prior written consent of OAPEC.

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

:

oapec@oapecorg.org

Web-site

:

www.oapecorg.org

4

Editorial

6

OAPEC Member Countries

16

OAPEC Activities

29

OAPEC Sponsored Ventures

30

Petroleum Devolopments

43

Tables Annex

In this issue

oapec

@oapec

The 145

th

Meeting of OAPEC Executive Bureau

The 16

th

Meeting of Experts on Natural Gas Investment

Cooperation Potentials in OAPEC Member Countries

16

20