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OPEC and OAPEC
Training course by “APICORP” in financing of oil projects and infrastructure projects…
Minister of Petroleum and Mineral Resources Eng. Sufian Al law opened on Sunday training session held by the Arab Company for Petroleum Investments (APICORP) in financing oil projects and infrastructure projects for oil industry in Syria…
OPEC, oil majors still cautious on investment
OPEC's newly announced plans to spend billions of dollars on future supplies are unlikely to unleash a flood of oil on to the market as it maintains a policy of restraint and supporting prices for years to come. (more…)
OPEC Refuses to Increase Oil Output; Crude Reaches $100
“The reason these OPEC ministers say they’re not likely to add any supply soon is because there is enough supply on the market and these high prices are due to speculation rather than supply and demand.” (more…)
Al-Braidi and Khalaf win OAPEC 2nd scientific award for 2010
Al-Baath University in Homs honored Dr. Musab al-Din al-Baraidi OAPEC 2nd scientific Award winner on the theme "The results of the application of modern technologies in the Oil exploration and production in Arab countries and their economic…
OAPEC sets 2011 budget at 7.28 mln USD .. Abbas Naqi releqted for new three years
The 85th session of the ministerial council of the Organization of Arab Petroleum Exporting Countries (OAPEC) approved Saturday its 2011 estimated OAPEC budget of 2.053 million Kuwaiti dinars (about 7.28 million U.S. dollars) 4 percent up…
Kuwait says 100$ for abarrel of oil is acceptable
Two key OPEC ministers hailed oil prices as "fair" on Thursday, showing little inclination to pump more crude to prevent oil prices that have rallied to more than a two-year high over USD 91 a barrel from stifling the global economic…
with the particpation of Allaw..OAPEC hold its 85th meeting in Cairo later this month
with the participation of Syrian oil Minister Eng. Sufian AllawThe Organization of Arab Petroleum Exporting Countries (OAPEC) holds its 85th meeting in Cairo on the twenty fifth of December to discuss the topics on the agenda. …
OPEC Chief: OPEC May Act On $100 Bbl Price If Due To fundamentals
The Organization of Petroleum Exporting Countries could change its output ceiling if oil prices rise to $100 a barrel due to market fundamentals, the group's secretary general said Thursday. (more…)
Iran official hopes gas group to match OPEC
Iran’s OPEC governor Mohammad Ali Khatibi hopes the influence of a group of gas exporting nations will rise over the next 10 years to match that of OPEC, according to an interview published in Hamshahri daily. (more…)
No need for output change at OPEC meeting: Saudi minister
Saudi Oil Minister Ali al-Nuaimi said he was satisfied with the current price of oil and saw no reason to change output quotas, as he arrived in Vienna Monday for an OPEC meeting later this week. (more…)