Egypt hosted the 95th Organization of Arab Petroleum Exporting Countries (OAPEC) ministerial meeting on December 20th, Egypt Independent reports.
The purpose of the conference was to “review Arab cooperation in petroleum, natural gas, and petrochemical domains,” as well as the OAPEC’s 2016 budget proposal, according to Oil Minister, Tarek El Molla.
Oil ministers from Saudi Arabia, UAE, Qatar, Kuwait, Bahrain, Algeria, Egypt, Iraq, Libya, and Syria were present, as was OAPEC Secretary General, Abbas Naqi.
Egypt Oil and Gas reports that Minister of Petroleum and Mineral Resources, Tarek El Molla began meetings with the OAPEC oil ministers in the days before the gathering.
The Minister of Petroleum expressed Egypt’s appreciation of the visiting ministers. He underlined the importance of the meeting in advancing cooperation in the fields of oil, gas, and petrochemical through collective and bilateral talks over shared projects and issues.