Major Arab oil-producing nations agreed in Egypt on Tuesday (3 May) to hold a conference on the possibilities of producing nuclear and solar energy.
Major Arab oil-producing nations agreed in Egypt on Tuesday (3 May) to hold a conference on the possibilities of producing nuclear and solar energy. The 10-member Organisation of Arab Petroleum Exporting Countries, OAPEC, said a conference on alternative energy resources would be held in Abu Dhabi in two years time.
OAPEC is not the same organisation as OPEC, the Organisation of Petroleum Exporting Countries, although membership of both organisations overlaps to a considerable extent.
SYNOPSIS: The one-day meeting was held at a Cairo hotel.
Oil ministers from eight countries attended a preliminary four-hour session on the co-ordination of future oil policy.
The countries represented were Qatar, Saudi Arabia, Kuwait, Bahrain, Iraq, United Arab Emirates, Syria and Egypt. The Algerian oil minister was expected at a further session in the evening.
A notable absentee was the oil minister for the Socialist People's Libyan Arab Jamahiriyah, formerly Libya. He was represented though, by his country's embassy in Cairo.
The Libyan Jamahiriyah was one of OAPEC's founding members, but a conference spokesman had no explanation for the missing minister.
However, Egypt and the Libyan Jamahiriyah have been engaged in a bitter war of words over the past few weeks, and the absence apparently stems from Egypt's decision to boycott the Islamic Foreign Ministers' conference in Tripoli in a fortnight's time. The strained relations between the two countries include acute political differences and mutual accusations of bombings and sabotage. Egypt's announcement of its boycott of the Tripoli conference, which takes place on the 16th of May, came only the day before the OAPEC meeting.
Conference sources quoted by Reuter said the question of oil prices was not raised at the meeting.
Recommendations adopted included the continuation of studies on the setting up of a petrochemical industries training institute for Arabs.