2001年-OPEC公报_OB072001_64页_3mb

OPEC Summary

Core Content

The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental organization established in 1960 by five founding members: Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. OPEC's primary objective is to coordinate and unify petroleum policies among its member countries to ensure fair and stable prices for producers, an efficient and regular supply for consumers, and a fair return on investment for those in the industry.

Membership and Aims

• Founding Members: Iran, Iraq, Kuwait, Saudi Arabia, Venezuela.
• Full Members: Qatar (1961), Indonesia (1962), Libya (1962), UAE (1967), Algeria (1969), Nigeria (1971).
• Notable Members: Ecuador (joined 1973, left 1992); Gabon (joined 1975, left 1995).
• Aims: Maintain market stability at fair and reasonable prices, ideally around $25/barrel for the OPEC Basket, which is within the $22–$28/barrel price band.

Key Officials

• Secretary General: Dr Ali Rodriguez Araque
• Research Division Head: Dr Shokri M Ghanem
• Energy Studies Department Head: Dr Rezki Lounnas
• Petroleum Market Analysis Department Head: Javad Yarjani
• Data Services Department Head: Dr Muhammad A Al Tayyeb
• PR & Information Department Head: Farouk U Muhammad, mni
• Legal Officer: Dolores Dobarro

Contact Information

• Address: Obere Dor strasse 93, 1020 Vienna, Austria
• Phone: +43 1 211 12/0
• Fax: +43 1 216 4320
• Emails:
  • Public Relations: prid@opec.org
  • OPEC News Agency: opecna@opec.org
• Website: http://www.opec.org

Publications

• OPEC Bulletin: Published by the PR & Information Department, Vol XXXII, No 7, ISSN 0474-6279, July 2001.
• Subscription: ATS 850 (€ 61.77) for 12 issues.
• Content: Includes market reviews, member country focus, OPEC Fund news, and advertising opportunities.

Upcoming Events (September 2001)

• Latin Upstream 2001: Rio de Janeiro, Brazil
• Arab Oil & Gas Show: Dubai, UAE
• Natural Gas Negotiations and Contracts: Dundee, Scotland
• Offshore Europe 2001: Aberdeen, UK
• Pacific Petroleum Insiders 2001: Singapore
• Worldwide Independents Forum 2001: Houston, USA
• Asia-Pacific Petroleum Conference: Singapore
• Africa Power 2001: Johannesburg, South Africa
• International Gas Business Management Certificate Programme: Boston, MA
• Petroleum Industry Site Visit: Houston, TX
• Middle East Petrotech 2001: Manama, Bahrain

Commentary: Drop the Autopilot

• OPEC's proactive decision to cut output by 1 million barrels/day after the 116th Conference demonstrates strength and strategic foresight.
• The decision was made to prevent further price instability, even though the Reference Basket price had not yet fallen below the $22/barrel lower limit.
• OPEC's price band is a tool for market stability, not an automatic mechanism, and is used to guide decisions based on market trends.

Forum: The Global Oil Market – What Lies Ahead?

• Javad Yarjani, Head of OPEC's Petroleum Market Analysis Department, highlights the importance of balance, stability, and co-operation in the global oil market.
• OPEC projects a rise in global oil demand from ~76 million barrels/day in 2000 to 106 million barrels/day in 2020.
• Asia is expected to become the dominant oil consumer by 2020, with its share of global demand increasing from 27% to 31%.
• OPEC's market share is projected to grow from ~40% to ~50% by 2020.
• The OPEC Basket price has been influenced by inflation and currency fluctuations, making real price comparisons essential.

Market Trends and Challenges

• The global oil market faces uncertainties due to political, strategic, and economic factors.
• Climate change negotiations and energy taxation policies could significantly impact oil demand and revenue.
• High taxation on oil products in Europe, where government take can exceed 70% of the final price, is a concern for OPEC.
• The need for increased investment in the petroleum industry is emphasized, particularly in the upstream sector of oil-producing nations.

OPEC's Strategic Approach

• OPEC focuses on a co-operative approach among producers, consumers, and other stakeholders.
• Recent developments include stronger bonds among member countries, cooperation with non-OPEC producers, and increased dialogue with consuming nations.
• The 116th Extraordinary Meeting resulted in a decision to cut output by 1 million barrels/day, marking a total of 3.5 million barrels/day in cuts for 2001.

Press Release

• OPEC expects oil demand to grow by 850,000 barrels/day in 2001.
• The organization has taken proactive steps to stabilize prices and ensure market balance.

Editorial Policy

• The OPEC Bulletin is published by the PR & Information Department.
• Content does not necessarily reflect the official views of OPEC or its members.
• Maps in the publication are not to be considered authoritative.
• Advertisements are not endorsed by OPEC, and editorial material may be reproduced freely if credited.

Contributors

• The bulletin welcomes original contributions on technical, financial, and environmental aspects of the energy industry.
• Contributions can include letters, research reports, and project descriptions with illustrations.

Advertising and Subscription

• Advertising rates and subscription orders can be obtained from the end of the magazine.
• Orders from member countries should be sent to the Editor-in-Chief at the Secretariat address.
• Advertising representatives are available for different regions.

Conclusion

OPEC's proactive and co-operative approach is vital in maintaining global oil market stability. With increasing demand from Asia and the need for sustainable investment, OPEC continues to play a crucial role in shaping the future of the industry.