Kuwaiti Oil Barrel Price75.11 Date:22-11-2024

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His Excellency the Undersecretary of the Ministry participates in the meeting (163) of the Executive Office of (OAPEC)

16-10-2022

Ben Sebt: Tangible results achieved in the 163rd meeting of the OAPEC Executive Office Mr. Ali Sabt Bin Sabt, Secretary-General of OAPEC, stated that the Executive Office of OAPEC held its 163rd meeting in the State of Kuwait on Thursday, October 13, 2022, headed by His Excellency Eng. Khaled Matar Al-Alej, representative of the Syrian Arab Republic in the Executive Office, which has the presidency The current session, in the presence of members of the Executive Office, representatives of the Member States of the Organization. Bin Sabt added that the meeting discussed the draft estimated budget of OAPEC (the General Secretariat and the Judicial Authority) for the year 2023, and the meeting approved the draft budget in preparation for submitting it to the next meeting of the Organization of Ministers Council, which will be held in the State of Kuwait in December 2022. During the meeting, a number of items on the agenda were discussed, the most important of which was the item that reviewed the latest developments related to the implementation of the plan to activate and develop the activity of OAPEC, where the most important work carried out by the General Secretariat during the period from May to October 2022 within the framework of The various axes of activation, including coordination between the Arab companies emanating from the Organization of OAPEC, explaining that the General Secretariat of the Organization held a coordination meeting in the presence of the Secretary-General and heads of Arab companies emanating from the Organization of OAPEC and national companies in the member states in Cairo, Arab Republic of Egypt, with the aim of discussing the Ways to increase cooperation between these companies, and to identify the most prominent obstacles facing these companies in their work sites in the Arab countries. Bin Sabt indicated that the meeting reviewed a report on the coordination meetings, including the third meeting of officials of petroleum research institutes and centers in the member states, the 29th coordination meeting of environmental and climate change experts, the first meeting of the technical team on the Kingdom of Saudi Arabia’s initiative on carbon emissions, and the meeting The 21st League of Experts to discuss possibilities of cooperation in the field of natural gas investment in member states and others. In addition to the seminars, workshops and training courses organized by the General Secretariat during the period from May to October 2022, in which the number of participants reached more than 1,500 participants. The meeting was briefed on the preparations of the OIC General Secretariat to attend the activities of the 27th United Nations Conference of the Parties to the Climate Change Agreement “COP27”, which will be held in the Arab Republic of Egypt, and stressed the importance of the presence of Arab countries in these important international forums, in addition to that, the meeting reviewed the efforts of the Secretariat General of the Organization to increase cooperation with organizations, especially the Organization of Petroleum Exporting Countries "OPEC", Bin Sabt explained that the meeting was briefed on the organization's efforts regarding coordinating petroleum media activities in the member states of the organization, which is carried out through the media liaison officers in the member states, and the meeting stressed the importance of continuing media coordination efforts among member states. On the other hand, the meeting discussed OAPEC's preparations to hold the Twelfth Arab Energy Conference in 2023, which is considered one of the oldest Arab petroleum conferences, as the first session of it was held in Abu Dhabi in 1979. In conclusion, Ben Sebt indicated that the meeting reached a number of recommendations on the topics discussed, which will be put into practice. 2

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