• Short Summary

    The Ministerial Council of the eleven-member Organisation of Arab Petroleum Exporting Countries (OAPEC) has been meeting in Damascus to discuss various Arab investment plans linked to oil production.

  • Description

    The Ministerial Council of the eleven-member Organisation of Arab Petroleum Exporting Countries (OAPEC) has been meeting in Damascus to discuss various Arab investment plans linked to oil production.

    They include the establishment of a 200-million pound (500 million dollar) Arab oil tanker fleet, agreed in principle at the organisation's last meeting, and the suggested establishment of an Arab oil investment company, a joint Arab Petro-Chemical industry and proposals to build a dry dock in Bahrain.

    At the end of the first day of the two-day meeting (ending Sunday, 24 June) the Council refused to give any details of its discussions.

    The meeting, the first since November last year, was opened by the Bahrain Minister of Development and Engineering Service, Mr. Yourself Ahmed Shirwal. After he had welcomed Egypt, the organisation's newest member, the meeting went into session behind closed doors.

    Among the other items on the agenda is the election of a new Secretary-General to replace Mr. Shuheil Saadawi of Libya whose three-year term ended last year.

    The meeting is being attended by representatives from Libya, Saudi Arabia, Kuwait, Bahrain, Qatar, Abu Dhabi, Algeria, Iraq, Syria and Egypt. The eleventh member, Dubai is boycotting the meeting because of a dispute over the plans for a dry dock in Bahrain.

    SYNOPSIS: At the Damascus Museum, the Ministerial Council of the Organisation of Arab Petroleum Exporting Countries, OAPEC, has been holding its first meeting since November. The latest member, Egypt, was welcomed.

    Among the subjects to be discussed by the meeting were the establishment of a two-hundred million pound Arab oil tanker fleet -- agreed in principle at the organisation's last meeting -- and the setting up of Arab petro-chemical industry. Another matter was the building of a dry dock in Bahrain. Because of a dispute over this, Dubai boycotted the meeting. The council also has to elect a new Secretary-General to replace Mr. Shuheil Saadawi of Libya whose three-year term of office ended last year. The oil tanker plan is designed to make the Arab oil-producing countries independent of International tanker firms.

  • Tags

  • Data

    Film ID:
    VLVARAAIVZU9ZDQCLHX7F6OZ7YSC
    Media URN:
    VLVARAAIVZU9ZDQCLHX7F6OZ7YSC
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    24/06/1973
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:00:57:00
    Time in/Out:
    /
    Canister:
    N/A

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