Syria is Chairman of the Council of Ministers of “OAPEC” and will host the Arab Energy Conference in 2024

With the participation of Syria, the 107th  meeting of the Council of Ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC) began today, via video communication technology.

The participants in the meeting, who are the ministers of energy and petroleum in the member states of the organization, including the Minister of Oil and Mineral Resources, Eng. Bassam Toameh, representing Syria, will discuss the organization’s estimated budget project for 2022 and the activities of the General Secretariat to activate and develop OAPEC’s activity and developments of cooperation between the Arab companies emanating from it.

The meeting will also discuss the technical and economic studies implemented and specialized in the oil, gas and energy industry, the follow-up of environmental affairs and negotiations related to the United Nations Framework Convention on Climate Change, in addition to the topic of the 12th  Arab Energy Conference.

The research winning the OAPEC Prize for Scientific Research for the year 2020 will be announced, according to what was published by the organization on its website.

At the conclusion of the meeting, all member states approved that  Damascus would  host the Arab Energy Conference in 2024, after Qatar which will host it in 2023.

They also  agreed that Syria would chair the Council of Ministers of the Organization of Petroleum Exporting Countries (OAPEC) from January 2022 until January 2023.

With the emergence of the petroleum industry as a major joint economic factor among most Arab countries, OAPEC was established in 1968 by virtue of an agreement signed in Beirut between 3 countries, with the State of Kuwait as its headquarters. It expanded to include in its membership countries where oil is an important source of their national income. Syria joined the Organization in 1973, bringing the number of its members to 11 countries.

Inas Abdelkareem