Arab Cooperation in the Field of Petroleum:

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Arab Cooperation in the Field of Petroleum
Not an official UNCTAD record
The OAPEC Experience

• Presented by Dr. Usameh Jamali

To The 8th African Oil Gas Trade Finance
Conference Marrakech 26 30 April 2004
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Organization of Arab Petroleum Exporting
Countries (OAPEC)
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(No Transcript)
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OAPEC World Proven Oil Reserves,2003
Total World Reserves 1105.26 Billion barrels at
year end
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OAPEC World Crude Oil Production,2003
Total World Production 67.95 Million b/d
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OAPEC World Natural Gas Reserves, 2003
Total World Reserves 172299 Billion cubic meters
at year end
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OAPEC World Natural Gas Production, 2002
Total World Production 3210 Billion cubic meters
/year
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Proven Oil Reserves in OAPEC Member
Countries(Billion barrels)
Increase 106.4
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Crude Oil Production in OAPEC Member
Countries(Thousand b/d)
Increase 3.0
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Natural Gas Reserves in OAPEC Member
Countries(Billion cubic meters)
Increase 482.7
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Natural Gas Production in OAPEC Member
Countries(Billion cubic meters/year)
Increase 404.4
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Installed Refining Capacity in OAPEC Member
Countries(Thousand b / d)
Increase 264.8
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(No Transcript)
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OAPECS Organization Structure
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Summation
OAPEC should be viewed as a developmental
institution.
OAPECs main purpose The support of the Arab
petroleum industry.
OAPECs main instrument The establishment of
strategic joint ventures.
OAPEC is effective at times of political
stability and mutual trust among its members.
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Thank You
For more information
OAPEC Website http//www.oapecorg.org
OAPEC Email OAPEC_at_qualitynet.net