The 83rd meeting of the Organization of Arab Petroleum Exporting Countries (OAPEC) concluded in Cairo with the participation of Eng. Sufian Allaw Minister of oil and mineral resources.

The Organisation of Arab Petroleum Exporting Countries (OAPEC) has announced that the UAE will be its chair for 2010 according to the rotational presidency policy of the 10 member states.

Zawya Dow Jones reported that the announcement was made in Cairo, Egypt during the Ministerial Council meeting that took place in the North African state.

The Ministerial Council of the Arab Petroleum Exporting Countries (OAPEC) has also endorsed the budgets of OAPEC and the judicial authority of the organisation of year 2010: 2million dinars and 34. 819 million Kuwaiti dinars respectively. It said the member countries will take part at the Copenhagen Climate Conference, which will be held from Dec. 7- 18.
The council was briefed on special study on oil refinery and another study on the development of natural gas resources in the Arab countries. The next OAPEC meeting will be held in Sharm El Sheikh on Dec. 11, 2010.