The Council of Ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC) has held its 111th meeting on December 11th in Doha, Qatar, with the participation oil and energy ministers from member states, including Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla
The meeting was chaired by Hayan Abdul Ghani Al-Swad, Deputy Prime Minister for Energy Affairs and Minister of Oil of Iraq, which has the presidency of the session for the year 2023.
Oil and energy ministers from the member states discussed a variety of topics on the agenda of the Ministerial Council related to the work and activity of the organization. This included the organization’s draft estimated budget for the year 2024; as well as developing and restructuring the organization’s work. Discussions touched on 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 meeting further reviewed the steps that have been taken regarding developing the infrastructure of information technology systems within the organization. It also followed up on the activation of the distinguished Cabinet Resolution No. (4/107) regarding the Green Middle East Initiative and adopting the application of the concept of the circular carbon economy; and announced the winners of the OAPEC Prize for Scientific Research, which is awarded every two years and its field for 2022 is “Decarbonization Technologies in the Petroleum Industry and the Circular Economy”.
Moreover, the meeting included the report of the Secretary-General on the activities of the General Secretariat, namely the preparation of economic and technical studies, follow-up reports on global petroleum conditions, environmental affairs and climate change, the progress of work in the Information Bank, and the activities organized by the General Secretariat, in which it participated and which it will organize during the year 2024.
The Ministerial Council concluded its meeting, expressing its gratitude and appreciation to Qatar for hosting this meeting, which coincided with holding the twelfth session of the Arab Energy Conference, which the State of Qatar is hosting for the third time. The council also praised the General Secretariat of the Organization for the good organization and preparation for this meeting.
