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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
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Organization of Arab Petroleum Exporting Countries (OAPEC)
Editorial
OAPEC
Activities
Petroleum
Devolopments
Tables Annex