OAPEC - meaning and definition. What is OAPEC
Diclib.com
ChatGPT AI Dictionary
Enter a word or phrase in any language 👆
Language:

Translation and analysis of words by ChatGPT artificial intelligence

On this page you can get a detailed analysis of a word or phrase, produced by the best artificial intelligence technology to date:

  • how the word is used
  • frequency of use
  • it is used more often in oral or written speech
  • word translation options
  • usage examples (several phrases with translation)
  • etymology

What (who) is OAPEC - definition

OAPEC; Arab Petroleum Congress; Arab Energy Conference
  • Map of OAPEC Members and their status in 2012, after the [[2011 South Sudanese independence referendum]]

OAPEC         
[??'e?p?k]
¦ abbreviation Organization of Arab Petroleum Exporting Countries.
Organization of Arab Petroleum Exporting Countries         
OAPEC was created in 1968; members include: Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Syria, and the United Arab Emirates. Headquarters are in Cairo, Egypt. See: Organization of Petroleum Exporting Countries

Wikipedia

Organization of Arab Petroleum Exporting 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. OAPEC's primary objective is safeguarding the cooperation of numerous members in various aspects of economic activity within the oil industry as well as maintaining strong relations among themselves; to provide legitimate means to preserve the members' individual and collective efforts within the industry; unite on-going efforts for the procurement of oil; provide access to consumer markets on fair and reasonable terms; and provide conditions, adequate capital, and experience of investors in the oil industry.

Examples of use of OAPEC
1. OPEC needs to act rather urgently and that is exactly what it seems to be doing when it meets, rather informally, in Cairo on the sidelines of OAPEC meeting tomorrow.
2. Such is the uncertainty that Minister of Petroleum and Mineral Resources Ali Al–Naimi urged the oil producers to study future demand forecasts before boosting output capacity beyond what’s already planned. «Global growth may not continue at this level for many years,» he forcefully argued at the OAPEC conference in Amman, Jordan.