OAPEC: its growing role in Arab and world affairs
The Organization of Arab Petroleum Exporting Countries (OAPEC) is examined in terms of its historical background, relationship to The Organization of Petroleum Exporting Countries (OPEC), and its role in world affairs. OAPEC, created in 1968, is an economic extension of the sense of regionalism and independence that followed the establishment of the League of Arab States in 1945. Its purposes include cooperation in the management and conservation of petroleum resources and coordination of the members' petroleum policies. The organization developed an administrative authority to plan policy and to train and educate manpower for the industry. Its purpose differs from that of OPEC, which was formed to defend oil prices against the pressures of its customers, while OPAEC was a response to the need for long-term interdependence of its members. Accomplishments of OAPEC include servicing oil projects, creating joint firms, and reaching a high level of coordination. (DCK)
- Research Organization:
- Univ. of Wisconsin, Madison
- OSTI ID:
- 5173612
- Journal Information:
- J. Energy Dev.; (United States), Vol. 3:1
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
POLICY AND ECONOMY
02 PETROLEUM
OAPEC
INTERNATIONAL COOPERATION
ECONOMIC DEVELOPMENT
ECONOMIC POLICY
EDUCATION
INTERNATIONAL AGREEMENTS
MANAGEMENT
MANPOWER
OPEC
PETROLEUM INDUSTRY
PLANNING
RESOURCE CONSERVATION
TECHNOLOGY TRANSFER
AGREEMENTS
INDUSTRY
INTERNATIONAL ORGANIZATIONS
294002* - Energy Planning & Policy- Petroleum
020700 - Petroleum- Economics
Industrial
& Business Aspects
021000 - Petroleum- Legislation & Regulations