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oapec in a sentence

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  • The OAPEC includes seven Arab OPEC members plus Egypt, Bahrain and Syria.
  • OAPEC has no say in oil production levels.
  • The OAPEC includes seven Arab OPEC members plus Egypt, Bahrain and Syria . dj / db
  • Consequently, the OAPEC became a much more activist organization, contrary to the original intention.
  • The OAPEC report said Saudi Arabia has 241 billion barrels, the world's largest reserves.
  • Most countries in OAPEC are also members of the larger and more important Organization of Petroleum Exporting Countries.
  • On the next day, the ten OAPEC members agreed to Shiekh Yamani's moderate production cutback proposals.
  • "This is up to the ministers to do, " said Mohammed Hammoud, an OAPEC spokesman.
  • Ironically, the vastly increased revenues would prove addictive, and a unified OAPEC oil embargo was never again possible.
  • Iraq initially declined to join, preferring to work under the umbrella of the Arab League, considering OAPEC too conservative.
  • OAPEC members are Saudi Arabia, Iraq, Kuwait, Algeria, United Arab Emirates Libya, Egypt, Syria and Bahrain.
  • OAPEC includes the Arab OPEC members, Saudi Arabia, United Arab Emirates, Qatar, Libya, Kuwait, Iraq and Algeria.
  • OAPEC members are Saudi Arabia, Algeria, Iraq, Kuwait, United Arab Emirates, Libya, Egypt, Syria, Qatar and Bahrain.
  • The conference is sponsored jointly by OAPEC, based in Kuwait, and the 22-member Arab League, headquartered in Cairo, Egypt.
  • OAPEC, which is sponsoring the four-day energy conference, was founded three decades ago to increase cooperation and research by Arab oil producers.
  • The 1967 oil embargo was the main reason for the formation of OAPEC, which would provide a forum for the discussion of using oil politically.
  • OAPEC is a forum for Arab cooperation in the field of oil and is not officially meant for discussion of production quantities, which is left to OPEC.
  • OAPEC resolved to cut oil production 5 % monthly " until the Israeli forces are completely evacuated from all the Arab territories occupied in the June 1967 war ".
  • On 16 October, ten days after the war's start, Kuwait hosted separate meetings of both OAPEC and the Persian Gulf members of OPEC, including Iran.
  • Independently, OAPEC members agreed to use their leverage over the world oil to stabilize their incomes by raising world oil prices after the recent failure of negotiations with Western oil companies.
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