The Deputy Prime Minister for Energy and Oil Minister stressed Iraq's keenness to promote and develop relations between the brotherly Arab countries, in order to achieve common goals and interests, especially in the field of oil and energy.
Deputy Prime Minister for Energy and Minister of Oil Thamer Abbas Al-Ghadhban, during his chairmanship of the ministerial delegation to participate in the 100th meeting of the Council of Ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC), which will be held in the Kuwaiti capital on Sunday, December 23, 2018 that the relations between Iraq and the brothers Members of the Organization and abroad are witnessing steady growth and development in all economic and political fields. Iraq plays a constructive role in achieving cooperation, exchange and economic integration of all brothers through the promotion and development of joint projects. Iraq will pursue these goals.
Al-Ghadhban added that the OAPEC ministerial meeting is taking place at a time when the oil market is facing great challenges, which requires all producers to cooperate more and more to develop the appropriate solutions and deal with all the developments and changes in the world markets, leading to stability and balance of markets. And to support oil prices to fair and acceptable rates for producers and consumers alike.
The minister said that the meeting of the Ministerial Council of the Organization of Arab Petroleum Exporting Countries (OAPEC) will discuss the topics on the agenda of the meeting, the most important of which are the facts and recommendations of the 11th Arab Energy Conference, the world oil market conditions, environmental monitoring and climate change. On the ratification of the minutes of the 100th meeting of the Council of Ministers of the Organization, and the distribution of prizes to the winning research.
For his part, spokesman for the ministry Assem Jihad said that the Deputy Prime Minister for Energy and Oil Minister will meet on the sidelines of the conference with a number of brotherly ministers to discuss ways to develop bilateral relations and promote joint Arab cooperation in the oil and energy sector.
The Organization of the Arab Petroleum Exporting Countries (OAPEC) was established in 1968 in Beirut, based in Kuwait, and one of the main objectives of the Organization is the cooperation of Member States among them in various aspects of economic activity in the field of oil extraction and closer relations in this field, To secure oil access to markets on fair and reasonable terms. The Organization plays an important role in the development and development of Arab petroleum industries in all its fields, in the exchange of information and expertise, and has played a major role in establishing relations between oil producing countries and those consuming them.
The organization supports scientific research in the fields of oil and gas, through conferences, seminars and meetings, in addition to various publications. The organization has important scientific activities at the Arab, regional and international levels. At the Arab level, the organization, in cooperation with the Arab Fund for Economic and Social Development, oversees the Arab Energy Conference in coordination with the General Secretariat of the League of Arab States and the Arab Industrial Development and Mining Organization.
Source: Ministry of Oil