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The 112th meeting of the OAPEC Council of Ministers

05-05-2024

Press release issued by the 112th meeting of the Council of Ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC) (at the delegate level) The Council of Ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC) held its 112th meeting at the level of delegates of Their Highnesses and Excellencies the Ministers of Energy and Oil of the member states in Kuwait City on Shawwal 26, 1445 AH, corresponding to May 5, 2024 AD, headed by His Excellency Sheikh Mishal bin Jabr Al. Thani, the representative of the State of Qatar in the Executive Office of the organization, whose country will chair the session for the year 2024. His Excellency Sheikh Meshal bin Jabr Al Thani opened the meeting, welcoming Your Excellencies, members of the Executive Office, representatives of Their Highnesses and Excellencies, Ministers of Energy and Oil of the Member States to this meeting, and His Excellency the Secretary-General of the Organization, and expressed his thanks to the General Secretariat for the good preparation and preparation for this meeting, wishing success for its work. He also expressed his thanks and appreciation to the State of Kuwait for its generous hospitality and warm reception, stressing that the organization's ultimate goal is the cooperation of member states in various aspects of activities related to the petroleum industry, including in their interest and the interest of their people. It was followed by a speech by His Excellency Engineer Jamal Issa Al-Loughani, Secretary-General of the Organization, who once again welcomed Their Excellencies members of the Executive Office to the meeting of the Council of Ministers of the Organization at the delegate level hosted by the State of Kuwait, wishing the meeting every success and achieving its desired goals. His Excellency offered his sincere condolences to the members of the Executive Office on the death of the former Secretary-General of the organization, Mr. Abbas Ali Al-Naqi, who served the organization with dedication throughout his presidency, which extended for twelve years. The Council members then discussed the items on the agenda, including the item approving the final accounts of the organization (the General Secretariat and the Judicial Authority) for the year 2023, and the Council issued its Resolution No. 1/112 regarding the approval of those final accounts. The meeting was also briefed on the progress made in the project to develop the organization’s work and restructure it, while developing its activities and reconsidering the systems and laws that govern its work, in a way that is compatible with the challenges and new developments in the field of energy. The Council recommended to the General Secretariat the importance of intensifying efforts and cooperating with the consultant in order to complete Study and prepare complete visions of the strategic objectives, and complete them according to the specified timetable. The Council also reviewed the report of the Secretary-General on the activities of the General Secretariat, which included following up on global petroleum conditions, following up on environmental and climate change affairs, the progress of work in the Information Bank, and the activities organized by the General Secretariat and in which it participated, and recommended the importance of continuing such activities and working to intensify them. Regarding the item related to the OAPEC Prize for Scientific Research for the year 2024, the field related to “new and renewable energy” was chosen as a field for submitting research to obtain this award. The Ministerial Council adopted all the recommendations issued by the Executive Office regarding the items presented and urged the General Secretariat to work on putting them into actual implementation. The Council concluded its meeting by expressing its thanks and appreciation once again to the General Secretariat of the organization and to the State of Kuwait for their efforts to hold and succeed this meeting, wishing everyone more. By making and giving in order to achieve the goals assigned to the organization. Kuwait: Shawwal 26, 1445 AH, corresponding to May 5, 2024.