APICORP will hold its 2nd meeting for 2010 on Saturday in Damascus

Arab Petroleum Investments Corporation Board (APICORP) the financial institution arising from the Organization of Arab Petroleum Exporting Countries (OAPEC) to hold its second meeting in Damascus on Saturday with the participation of Syria, represented by Eng. Sufian Allaw Minister of Oil and Mineral Resources.

The meeting will be chaired by Mr. Abdullah bin Abdul Aziz Al-Zaid representative of the Saudi Arabia Government and attended by representatives of member states, namely, United Arab Emirates, Bahrain, Algeria, Syria, Iraq, Qatar, Kuwait, Libya and Egypt.

The meeting will discuss topics on the agenda, especially the annual report of the contributions of the company’s of period ended 31 December 2009 in addition to periodic reports which include the company’s business finance and related sector projects in petroleum and petrochemical industries in the Arab world, APICORP carried out loans arrangements with its own local, regional and global banks.

The Board also to discuss the company’s financial statements for the period from January to May of this year, in addition to the reports of investment activity for the same period.

The «APICORP» Arab financial institution established in 1975, according to an international agreement between Governments of the Member States of the Organization of Arab Petroleum Exporting including Syria, based in Saudi Arabia.

Syria Oil