To make certain a regular supply of petroleum oil to other countries. Organization of Arab Petroleum Exporting Countries (OAPEC) is a regional As of January 2020, OPEC has 13 member countries: five in the Middle East (Western Asia), seven in Africa, and one in South America. The activities of the company were defined as covering all operations related to the marine transportation of hydrocarbons. industry by fostering close and fruitful cooperation among its members. The objectives of ASRY cover the building, repair and maintenance of all types of ships including tankers and other marine transport vessels that are related to the shipping of hydrocarbons the Company established a dry dock in Bahrain primarily to service and repair oil tankers. the role of Petroleum as a principal and basic source of its members' income, The OPEC Secretariat is the executive organ of the Organization of the Petroleum Exporting Countries (OPEC). The Organization of Arab Petroleum Exporting Countries (OAPEC) is a regional inter-governmental organization established by an agreement signed in Beirut on January 9, 1968 by Kuwait, Libyan (Kingdom of Libya at that time) and the Kingdom of Saudi Arabia. [1] The names of these countries are: Member countries of the OPEC came together to form this international organization with several aims. One of ASRY's more significant accomplishments was the adding two large floating docks and their related facilities. The Treasury and Capital Markets business ensures that APICORP is adequately funded and that market risks are proactively managed. To protect the interest of the member countries. OPEC seeks to unify the member countries and control the world’s supply of oil, thus setting petroleum … For the Democratic and Popular Republic of Algeria, Chairman of Board of Directors / Chairman of BGRC, Deputy Chairman of Board of Directors / Deputy Chairman BGRC, Chief Economist Energy - Economics, Strategy & Sustainability, Managing Director, Treasury & Capital Markets, Director, Human Resources & Corporate Affairs. These services are typically provided to local, regional and international sponsors in the energy and related sectors. Site Map. Are You Learning English? In December, two months after the Yom Kippur War (see Arab-Israeli wars), prices were raised by an additional 130 percent, and the organization’s Arab members, which had formed OAPEC (Organization of Arab Petroleum Exporting Countries) in 1968, curtailed production and placed an embargo on oil shipments to the United States and the Netherlands, the main supporters of Israel during the war. APSCO was formally founded in Tripoli, Libya, in January 1977 with all OAPEC member countries as shareholders. Member countries include Algeria, Bahrain, Egypt, Iraq, Kuwait, Some of the aims are: However, OPEC has not always been able to achieve all these aims. The agreement establishing AMPTC was signed on May 6, 1972. inter-governmental organization established by an agreement signed in Beirut on Aims. The three founding members chose the state of Kuwait for the Organizations' domicile and headquarters. An association of Arab countries, founded in 1968 to promote economic cooperation and safeguard its members' interests and to ensure the supply of oil to consumer markets. OPEC is a permanent intergovernmental organization of 13 oil-exporting developing nations that coordinates and unifies the petroleum policies of its Member Countries. The Energy Research team is dedicated to the study of economic and policy issues relevant to APICORP and its key stakeholders. To make sure that the price of petroleum products do not change much. APICORP is known for the quality of its research and recognized as a thought leader in the energy and related sectors. To make sure that the price of petroleum products do not change much. 12 countries are members of OPEC. To decide policies to follow relating to production and sale of petroleum oil. Since then, the organization has grown to include 13 member countries (as of January 2020), all of whom are significant exporters of oil. An association of Arab countries, founded in 1968 to promote economic cooperation and safeguard its members' interests and to ensure the supply of oil to consumer markets. The Organization of Arab Petroleum Exporting Countries (OAPEC) is a regional inter-governmental organization established by an agreement signed in Beirut on January 9, 1968 by Kuwait, Libyan (Kingdom of Libya at that time) and the Kingdom of Saudi Arabia. APTI was established in Baghdad, Iraq, in May 1978, to prepare instructors qualified to provide training in the many technical aspects of the oil industry, and to augment the administrative and technical personnel responsible for the different fields of the industry The other objectives of APTI include performing research and conducting studies related to the modern techniques of industrial organization, and the methodology and techniques of training and education, as well as the creation of a central information and documentation system. Some of the aims are: To protect the interest of the member countries. The Organization of Arab Petroleum Exporting Countries (OAPEC) is a multi-governmental organization headquartered in Kuwait which coordinates energy policies among oil-producing Arab nations. Organization of Arab Petroleum Exporting Countries - OAPEC Postal Address: P.O.