No minutes of meeting available.

Delegations present: Iran, Iraq, Kuwait, Qatar, Saudi Arabia, Venezuela. Discussion of administrative structure of OPEC, its budget, and the proposed location of its headquarters, and nomination of Juan Pablo Perez Alfonzo to chairmanship. Also included discussion of requirements for admission to membership, including acceptance of Qatar as member and review of requests from Trinidad and Colombia. Text of speeches delivered by Fouad Rouhani (Iran), Juan Pablo Perez Alfonzo (Venezuela), Mohamed Salman (Iraq), and the President of Venezuela, Romulo Betancourt.

Delegations in attendance: Indonesia, Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Venezuela Topics covered included determining budget for 1964, appointment of auditors, reorganizstion of the Secretariat, discussion of country to host headquarters (Switzerland), proposed membership of Emirate of Abu Dhabi, appointment of Abdul Rahman Bazzaz (Iraq) to succeed Fouad Rouhani as Secretary General, the status of negotations between OPEC and various oil companies, and mechanisms for determining the price of crude oil. Text of speeches by Crown Prince Faisal of Saudi Arabia, Ahmad Zaki Yamani (Saudi Arabia).

Delegations in attendancd: Indonesia, Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Venezuela. Topics discussed included the drop in oil production in Saudi Arabia, and questions about its likely causes; a proposed embargo by OPEC members on shipments of oil to South Africa, in order to protest that state's policy of apartheid; the formation and function of an inter-OPEC court, the intention of Algeria to join OPEC as a member state, and discussions of how member states negotiate with oil companies for setting oil prices.

Delegations in attendance: Indonesia, Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Venezuela. Topics discussed included modifications to OPEC's statutes, delineation of the role of Secretary General and the proposed role of Deputy Secretary General, the budget for 1965, the role of royalties paid by oil companies to OPEC member governments, and continued difficulties in negotiations for such, report of the OPEC Economic Commission (regarding pricing), the nomination of Ashraf Lutfi (Kuwait) to serve as the next Secretary General

Delegations in attendance: Indonesia, Iran, Iraq, Libya, Kuwait, Qatar, Saudi Arabia, Venezuela. Discussions largely centered around the question of excess production and whether OPEC could limit excess production and stabilize or increase oil prices, including how production allocations among member countries would be determined, and what the side effects of this could be. The delegates presented and approved a production program, reviewed changes in the organization's statutes, and also discussed moving the headquarters of OPEC from Geneva to another country, with Austria being the leading candidate.

Delegations in attendance: Indonesia, Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Venezuela. Topics discussed included the findings of an appended report from the Economic Commisssion, which covered topics such as obtaining price information and the implementation of a joint production program. The move of the OPEC headquarters from Geneva to Vienna was also discussed and approved, and challenges related to obtaining pricing information from companies working in Qatar were addressed. Text of speeches by Manuel Perez Guerrero (Venezuela), Fuad al-Kabazi (Libya)

Items covered--and later discussed at the meeting in Tripoli in July 1965--included pricing information, draft letter to oil companies requesting crude oil assay data (relevant to situation in Qatar), weaknesses in Libyan oil prices attributed to activities of independent oil companies there, and methods for implementing a joint production program.

Delegations in attendance: Indonesia, Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Venezuela. Discussion included question of whether individual governments should negotiate allowances with oil companies, or whether should have unified approach driven by OPEC; as well as the amendment of the Libyan Petroleum Law, the proposed budget for 1966, and how the implementation of the joint production program would be impacted by production levels of non-OPEC producers, such as Abu Dhabi and Nigeria. The role of countries that had been observers at OPEC meetings, such as Algeria, Colombia, and Trinidad, was discussed, and whether those countries should be persuaded to join as members. Ashraf Lutfi's term as Secretary General was extended by one year, and the decision to appoint a Deputy Secretary General was deferred to the next meeting.

Delegations in attendance: Indonesia, Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Venezuela. Observer: Algeria. Topics discussed included the proposal to use prices reported as a means of imposing income taxes on companies in the member countries, the further development of the joint production program, the invitation to Nigeria to attend the next conference as an observer, and comments from the Algerian observer in attendance.

Delegations in attendance: Indonesia, Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Venezuela. Observer: Nigeria. Topics included adoption of 1967 budget, amendments to OPEC statute (concerning reorganization of Secretariat), proposed declaratory statement on oil policy, the proposed invitation to the emirate of Abu Dhabi to attend as an observer or to discuss possible membership, the further development of the Joint Production Programme, application of posted prices for tax purposes, production levels, review of the first meeting of national oil companies held in Caracas in October 1966, nomination of Mohammed Saleh Joukhdar of Saudi Arabia to be the next Secretary General, extending of invitations to Nigeria, Algeria, and Colombia to attend subsequent meetings as observers, with the hope that their countries would join as members, and texts of speeches by retiring president (Dr. Saleh Kubba), incoming president (Sheikh Sabah al-Ahmed al-Sabah, of Kuwait), and observer from Nigeria (F.R.A. Marinho) and closing speech by acting president Khaled al-Jasar.

Topics included the submission of pricing data by oil companies to governments (citing example of Qatar), gathering data about oil exports by destination, and a review of the work of the seven previous meetings of the commission toward defining the Joint Production Programme.

Delegations in attendance: Indonesia, Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Venezuela. Topics included the effect of the closure of the Suez Canal due to the Six Day War and Israeli occupation of Sinai, including the increase in oil prices passed on to consumers and the increase in freight rates charged by oil tankers, and the corresponding proposal at the meeting to levy taxes on them. In addition, the members agreed to extend an invitation to the emirate of Abu Dhabi to join OPEC.

Delegations in attendance: Abu Dhabi, Indonesia, Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Venezuela. Topics included welcoming Abu Dhabi as a new member, the discussion of the 1968 budget, the proposed elimination of allowances and gravity correction, presentation of a report on the impact of proposed taxation of tanker earnings, discussion of a report from the Economic Commission on the proposed Production Programme, proposed outreach to consumers by establishing an office in Brussels to interact with the EEC, nomination of Francisco Parra of Venezuela as the next Secretary General.

Delegations in attendance: Abu Dhabi, Indonesia, Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Venezuela. Topics included the proposed elimination of the allowance off posted prices and gravity differential, and definitions of the proposed Uniform Petroleum Law.

Delegations in attendance: Abu Dhabi, Indonesia, Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Venezuela. Topics included the continued development of Uniform Principles for Petroleum Legislation (in member countries), whether these should be embodied in a code or guiding principles, and whether they should be binding on all member countries, since contexts varied in each one. Discussion also ensued about the possible devaluation of the U.S. dollar and its potential impact on crude prices, the possibility of posting a senior OPEC officer to Brussels to be a liaison with the EEC,

Delegations in attendance: Abu Dhabi, Indonesia, Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Venezuela. Topics included the proposal of a conservation regulation, the summary of the Economic Commission report concerning the implementation of a Joint Production Program, the relationship between OPEC and national oil companies, participation of governments of member states in concession-holding companies, the 1969 budget, and the nomination of Hassan Kamel of Qatar to be the next Secretary General. Also included texts of speeches by President Ahmed Hassan al-Bakr of Iraq, OPEC President Abdul Rahman al Ateeqy of Kuwait, and Secretary General Francisco Parra of Venezuela.

Delegations in attenadnce: Abu Dhabi, Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Venezuela. Topics include welcoming Algeria to full membership in OPEC,the impact of the proposed devaluation of the U.S. dollar on oil prices, policies regarding the posting of oil prices, the role of national oil companies in relation to OPEC, contacts with the EEC, and the role of English as the language used in OPEC meetings (which Algeria disputed).

Also includes text of opening speech by Rashid al-Rifai, of Iraq, president of OPEC, and Sid al-Ghozali, head of the Algerian delegation.

Delegations in attendance: Abu Dhabi, Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Venezuela. Topics included pricing, the production program, relinquishment, an Algerian plan to revise fiscal regime of agreements (with French oil companies operating in Algeria), the role of meetings of national oil companies in contrast to general OPEC meetings, and the proposed construction of permanent headquarters for OPEC in Vienna.

Also included text of speeches by Sheikh Ahmed bin Ali Al-Thani, ruler of Qatar; Nadim Pachachi, of Abu Dhabi, president of the 18th conference of OPEC; and Elrich Sanger, Secretary General.

Delegations in attendance: Topics included the report of the Economic Commission, which included the continuing discussion about the formation of a production program, a discussion of the role of national oil companies in relation to OPEC, discussion of a report on participation, and the presentation of findings of a special committee tasked with analyzing the structure of OPEC. Focus toward the end of the meeting was given on issues in Iraq regarding oil companies' production policies and royatly expensing there. Texts of speeches included those of opening addresses by Hassan Kamel of Qatar, the president for the 19th conference, and Algerian President Houari Boumediene.

The report, included as item 6 of the agenda for the 20th conference held in Algiers, was a summary of two meetings of the Economic Commission, held in Vienna in April 1970 and in Algiers, concurrent with the 20th conference, in June 1970. An analysis of consumer use in various countries was presented to inform the proposals for a joint production program for OPEC member nations.

Delegations in attendance: Abu Dhabi, Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Venezuela. The conference was divided up into five meetings, and the minutes divided accordingly. The first meeting include the election of a president for the conference, approval of the agenda and minutes, and the like, before a discussion of disparities in member states in posted crude oil prices. The second meeting consisted of a report from the Economic Commission, the third meeting was a discussion about the draft proposal for a Production Program. The fourth meeting covered issues related to participation, the national oil companies, the 1971 budget, and other administrative issues. The fifth meeting included draft resolutions from Algeria and Libya, and a closed meeting of delegation heads selected Nadim Pachachi of Abu Dhabi as the next Secretary General. The minutes include the text of opening speeches by Belaid Abdesselam of Algeria, in his role as conference president for this meeting, and Rafael Caldera, president of Venezuela.

Delegations in attendance: Abu Dhabi, Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Venezuela. Topics discussed largely focused on Resolution 120, as adopted at the previous conference, which addressed rates of taxation on oil companies relative to established prices on crude oil. Countries which had implemented this reported on their experiences, those that had not yet been successful in doing so looked at strategies for doing that. At a special session held in the Iranian Senate, the conference was addressed by Shah Mohamed Reza Pahlavi, who addressed the urgency of implementing this resolution to address price imbalances among oil-producing countries, and to rectify the drop in oil prices among some producing countries, such as the nations of the Gulf region, including Iran. Text of opening speech by Hugo Perez de Salvia of Venezuela, the president of the 21st conference, Jamshid Amouzegar, head of the Iranian delegation, and Shah Mohamed Reza Pahlavi of Iran, is included.

Delegations in attendance: Abu Dhabi, Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Venezuela. The meeting consisted chiefly of discussion of the findings of a standing committee on the proposed Joint Production Program, which having seen such a program as too complex, proposed a simpler means of reducing oil production among all members when market prices dropped beneath an acceptable level for a sustained period of time. A resolution to this effect was concluded.

Delegations in attendance: Abu Dhabi, Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, Venezuela. Topics discussed included the welcoming of Nigeria as a new member, the question of participation (i.e., governments of member states acquiring ownership of existing oil concessions), amendments to the OPEC statutes, remuneration and conditions of service within OPEC, the feasibility of establishing a bank among OPEC members, and the proposal to adopt Arabic alongside English as an official language of OPEC. The Economic Commission produced the report from its 17th meeting, which discussed the effects of inflation on oil prices, the need for parity between various currencies, and the integration of the petroleum industry into the economics of OPEC member states.

Delegations in attendance: Abu Dhabi, Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, Venezuela. The main topic of the meeting was the issue of parity among various world currencies, and how the lack of same was impacting the purchasing power of OPEC member states' oil revenues. In addition, the working committee on the question of participation reported back with its recommendations.

Delegations in attendance: Abu Dhabi, Algeria, Iran, Iraq, Kuwait, Nigeria, Qatar, Saudi Arabia, Venezuela. Topics discussed included parity of currencies and their impact on the purchasing power of oil revenues of OPEC members, and the budget for 1972, among other matters. Also included were the texts of speeches by Abdulrahman Al-Ateeqy, of Kuwait in his role as president of the conference; Sheikh Khalifa bin Zayed al Nahyan, as Crown Prince and Prime Minister of Abu Dhabi, and Nadim Pachachi, also of Abu Dhabi, in his role as Secretary General.

Delegations in attendance: Abu Dhabi, Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, Venezuela. Topics discussed focused largely on the question of participation, and much of the meeting was given to discussing the negotiations between Saudi Arabia and ARAMCO, and the latter's perceived reluctance to allow significant Saudi acquisition of their concessions. Discussions of the ways in which member countries could assist one another in such situations led to discussion of the formation of a bank for member countries to pool together funds for assisting one another as well.

Delegations in attendance: Abu Dhabi, Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, Venezuela. The entirety of the meeting was taken up with discussion of a conflict between the government of Iraq and the IPC (Iraq Petroleum Company), in which the government sought to take ownership of lands originally granted in the concession to IPC, but not developed, in particular around Kirkuk. The resistance of IPC led the government then to fully nationalize the company, a move that members at this meeting supported.

Delegations in attendance: Abu Dhabi, Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, Venezuela. Observers in attendance: Trinidad and Tobago. Topics included considering whether to admit Ecuador at the status of observer, and Trinidad and Tobago as a member; the 1972 budget, and continued discussion of the issues of participation (of member states acquiring portions of concessions from oil companies operating in their territory), the possible creation of an OPEC fund for member states in need, and a review of the report of the 19th meeting of the Economic Commission, which had discussed prices and recommended a 2% increase in production, and the adoption of a contingency plan on production programming. Also discussed was a proposal to make Arabic an official language of the meetings, and the need to pay greater attention to environmental concerns in the member states. In addition, a non-agenda item was discussed, namely a news report prior to the meeting that the Shah of Iran had stated, at a news conference in London, that Iran would not follow OPEC's lead in the issue of participation, but would take action on its own due to its unique circumstances.

Delegations in attendance: Abu Dhabi, Algeria, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, Venezuela. Topics discussed centered mainly on the question of participation, with the focus being on the proposed agreement between Saudi Arabia and other Gulf states (Kuwait, Qatar, Abu Dhabi) with U.S. oil companies for their participation in concessions, and how to achieve this to avoid releasing too much oil into the market, and to allow for the building up of national oil companies. The text of a message from King Faisal ibn Abd'al Aziz, of Saudi Arabia, was also read.

[xxx]

Delegations in attendance: Abu Dhabi, Algeria, Indonesia, Iran, Iraq, Libya, Kuwait, Nigeria, Qatar, Saudi Arabia, Venezuela. The purpose of the meeting was to discuss the current status of negotations between OPEC and oil companies on a way to compensate for lost revenue among member states due to the devaluation of the U.S. dollar.

Delegations in attendance: Abu Dhabi, Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, Venezuela, with Ecuador and Trinidad and Tobago attending as observers. Topics included the membership application of Ecuador and Bolivia's request to attend as an observer, reports from working groups on the topics of the energy crisis and oil pollution at sea, a report on the location of oil refineries around the world, and the administrative structure of OPEC.

The report suggests that the tax system put in place by the Tehran Agreement was out of date, due to changes in the markets for crude and refined oil since that time, and inflation.

Delegations in attendance: Abu Dhabi, Algeria, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, Venezuela. Topics included discussion of conflicts between Libya and oil companies operating in its territory, consideration of Abu Dhabi's posted prices, and the report of a working group to analyze and consider for revision the Tehran, Lagos, and Tripoli Agreements.

Delegations in attendance: Abu Dhabi, Algeria, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, Venezuela. Topics included discussion of basic rights of membership, consideration of applications for membership from Gabon and Trinidad and Tobago, the request of Bolivia to attend as an observer, drafts of codes and regulations to address concerns of oil pollution, review of a report on the energy crisis, and the budget for 1974.

The report describes the sources of oil pollution at sea, the prevention and abatement of oil pollution caused by tankers, cleanup operations after oil pollution at sea, and a series of draft regulations related to these matters.

Delegations in attendance: Abu Dhabi, Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Libya, Kuwait, Nigeria, Qatar, Saudi Arabia, Venezuela. Topics included a discussion of the basis for a long-term OPEC pricing policy, including ways to coordinate pricing among member states in order to remove disparities between them, a look at ways to establish relationshihps between oil producing and oil consuming countries, and a review of the Secretary General's trip to New Delhi. Also, Abu Dhabi transferred its membership to the United Arab Emirates, of which it had been a member since late 1971.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela, with Trinidad and Tobago as an observer. Topics discussed included the best method to set prices on oil for the second quarter of 1974, that the Economic Commission should also, in tandem with that question, take up the related issue of how to set production levels, and a committee was tasked to meet and set up conditions for establishing an OPEC fund for use by member states.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela, with Trinidad and Tobago as observers. The main topic of discussion was the establishment of a special fund to aid OPEC member states (the OPEC Development Fund), which included a report and draft resolution prepared by a working committee.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela, and as observers, Congo (Brazzaville), Trinidad and Tobago, Bolivia, Colombia, and Peru. Topics addressed included applications for membership by Trinidad and Tobago and Congo (Brazzaville), updates on the establishment of the OPEC Fund, financial reports from 1973 and the supplemental budget for 1974, a report from the Ministerial Committee on the energy crisis, and a request for a study to examine gas prices. In addition, included the texts of speeches by General Guillermo Rodrigues Lara, the military leader of Ecuador; Shridath Ramphal, the Minister of Foreign Affairs of Guyana, speaking on behalf of Non-Aligned Nations; and Antonio Tord Gomez, Minister of Energy of Peru.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics discussed included the OPEC Fund, the formulation of posted prices, and the role of inflation impacting oil revenues, among other issues. Also included paraphrased text of a speech by Raul Prebisch, representative of the Secretary General of the United Nations Emergency Operation.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics discussed included requests of Bolivia to attend as observer and Congo to apply for status as associate member / observer; the selection of M.O. Feyide of Nigeria as the new Secretary General, and the budget for 1975.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics discussed included the report of an expert group looking at the agenda for a summit conference, pricing of oil in certain Gulf states, and the depreciation of the dollar. Tributes were also offered to Abdulrahman al Rateeqy, the former Minister of Oil for Kuwait, upon his retirement from that post and the Kuwaiti OPEC delegation.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics discussed included the financial report for 1974 and supplemental budget for 1975, relations between OPEC and other international organizations, the report of the Expert Group, report of the Economic Commission Board Meetings, cooperation among national oil companies, investment of surplus funds, the application from Gabon for full membership, and the application of Syria for membership. Also includes texts of speeches by the President of Gabon [xxx] Bongo, and by Ole Algard, permanent Norwegian representative to the United Nations and chair of the board of governors of the UN Special Fund.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics discussed included the readjustment of crude oil prices, the relative value of crude oils from different members states, the propoal of establishing unit of Special Drawing Rights (SDR) as a means to define the price of oil rather than the U.S. dollar, the potential acquisition of a new headquarters building in Vienna, and the nationalization of Venezuela's oil industry.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics discussed included the budget for 1976, the new headquarters building for OPEC, and the reports of the Economic Commission and Secretary General, which included coordination among national oil companies, the need for OPEC to mount a publc relations campaign, and a report on the relative value of crude oils from OPEC states, among other topics.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics discussed included the relative values of crude oils originating from the same region but destined toward various consuming regions; the role of Group 77, to which many of OPEC's member states belonged and its support of the Manila Declaration, the status of the headquarters building in Vienna, Also included was the text of the welcoming speech given by the President of Indonesia, Suharto.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics discussed included the 1977 budget, the headquarters building in Vienna, a report of the Economic Commission on crude oil prices, a report on the stockpiling of oil reserves by consumer states (non-OPEC nations), the appointment of Ali Mohammed Jaidah of Qatar as the next Secretary General, the administrative restructuring of OPEC and the call for a greater role in public relations, among other issues. Also includes text of opening speech by Sheikh Khalifa bin Hamad al-Thani, the ruler of Qatar.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics discussed included the relative prices of crude oil, and continued attempts to devise an equitable formula to be applied among member states; the relationship of OPEC to the Council on International Economic Cooperation; production programming, and responses to stockpiling of oil among non-OPEC nations.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics addressed included continued discussion of the relative values of heavy crudes, the impact of inflation on purchasing power of oil revenues, as well as the related impact to the weakening of the U.S. dollar, the 1978 budget, and the restructuring of the OPEC Secretariat. Also included text of speeches by Carlos Andres Perez, president of Venezuela, which focused at length on OPECs role as an advocate for the interests of developing countries versus industralized ones, and ideas for furtherance of those interests.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Includes financial and auditor's reports, report of Secretary General,and Economic Commission. Topics discussed included whether or not OPEC should join the Council of Associations of Developing Countries Producers/Exporters of Raw Materials, the recent meeting of chiefs of OPEC National Oil Companies, determination of the types of statistical data member countries should be required to provide to OPEC, and the impact of inflation and fluctuations in currency values on prices of oil and revenues, and how OPEC should respond in the face of such challenges.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics included review of the 1979 budget, the reports of working parties on petrochemicals and statistics, the report of the meeting of chiefs of OPEC National Oil Companies, and the question of how OPEC should respond to inflation and the continued devaluation of the US dollar. To the latter, OPEC announced that it would raise prices of crude in a moderated fashion in accordance with inflation, but not at the full rate of inflation. Rene Ortiz of Ecuador was also appointed as the new Secretary General, and proposals to add languages other than English (especially Arabic) as official languages of OPEC was once again discussed.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics focused largely on pricing of oil and perceived discrepancies between prices charged by OPEC member state producers and outside oil companies, and the impact this was having on consumers, especially those in developing countries. A resulting acceleration in the increase of OPEC prices per barrel on crude was announced.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics discussed included impact of inflation on oil revenues and the purchasing power of developing countries, the replenishment of the OPEC Special Fund to aid such countries, critiques of industrialized countries for their perceived unwillingness to assist developing countries, an increase in the price per barrel of crude from OPEC countries to address this situation, and the proposal to price OPEC crude using a basket of currencies rather than relying solely on the US dollar. The negative public image of OPEC was also addressed, and the need for the organization to respond, particularly in developing countries.

Representatives in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. The primary topic was to address findings of a working group on staffing, education and training for the oil industry in OPEC member states.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics included the expansion of the OPEC Special Fund, both in size and scope, to assist other developing countries and increase solidarity between them and OPEC, the development of OPEC public relations, responses to the continuing challenges of inflation and devaluation of the US dollar, and reports of the Working Party on Petrochemicals and the fourth meeting of the Chief Executives of OPEC National Oil Companies. Includes text of opening address by Venezuelan President Luis Herrera Campins.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics included the Long-Term Strategy Report, which was accepted with some reservations by a few member states, the upcoming meeting of Foreign Ministers of OPEC member states as a venue for addressing relations with industralized countries, the upcoming meeting of OPEC heads-of-state in Baghdad, the pricing of natural gas in relation to crude oil, and the decision of member countries not to replace Iran's withheld exports on the international market.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics included the financial and auditor reports for 1979, the supplementary budget for 1980s, reports on the fifth meeting of chief executives of National Oil Companies and the fourth meeting of the working group on petrochemicals, the proposed establishment of an OPEC News Agency, planning for the summit of leaders of OPEC member states, further development of the long-term strategy of OPEC, the raising of the per-barrel price of crude oil as a strategy to combat stockpiling of oil reserves, and aligning pricing strategies of natural gas with those used for crude oil in member states that produce both. Also includes texts of speeches by conference president Humberto Calderon Berti of Venezuela, and President Chadli Benjedid of Algeria.

Representatives in attendance: Algeria, Ecuador, Indonesia, Iran, Kuwait, Nigeria, Saudi Arabia. The report looked at projected production and pricing of petrochemical products over the next decade, operational problems of member countries in developing their industries, and defining means of cooperation among member states in a market environment, among other issues.

Representatives in attendance: Algeria, Ecuador, Gabon, Indonesia, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Venezuela. Topics included the survey of training institutions available to staff in member states, the report of the working group on refining operations that met in Jakarta the previous February, and ways to coordinate purchases of goods and services.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. The main topic was member states should best respond to the surplus of oil on worldwide markets, attributed to stockpiling of reserves by consumer nations, and the impact this was having on oil revenues in member states. The resulting decision was to lower the price per barrel of crude and freeze prices for the time being.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics included approval of the 1981 budget, the proposed educational institute for training personnel working in the petroleum industry, the extension of the incumbent Secretary General's term by one year, and the report of the 52nd meeting of the Economic Commission, upon whose recommendations per barrel prices of crude were raised once again. Discussion was also given to the war that had recently broken out between two member states, Iran and Iraq, and attempts to resolve their differences from within OPEC. Also included were paraphrased texts of speeches from conference president Dr. Subroto (Indonesia) as well as Indonesian President Suharto.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics included the financial and auditor reports for 1980, reports of the 7th informal meeting of Chief Executives of the National Oil Companies, the Committee of Experts for the formation of the OPEC Institute for Higher Education, and the proposal for the formation of an energy trust fund for Research and Development at Oxford University. Reports of the 53rd and 54th meeting of the Economic Commission were presented, and discussion continued about the long-term strategy of OPEC. Marc Saturnin Nan Nguema of Gabon was appointed Secretary General. The conference adjourned on its first day to offer condolences at the Ecuadorian consulate, after having learned of the death of Ecuadorian president Jaime Roldos Aguilera in a plane crash earlier that day.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics addressed included the 1982 budget, the report of the Economic Commission, continued discussions on the formation of an OPEC higher education institute, and how to best counter negative publicity against OPEC, and the need for a concerted public relations campaign. Also includes the text of the opening speech by Mana Said Otaiba, the Minister of Petroleum and Mineral Resources for the United Arab Emirates.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. The meeting primarily addressed responses to current market conditions (such as drop in consumer demand and increase in production by non-OPEC states), which led them to confirm the price increase per barrel of crude as agreed at their previous meeting, to set a ceiling on production, and to address the issue of price differentials.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics addressed included discussion of the report of the Ministerial Committee, which led the conference to retain ceilings on production adopted at the previous meeting, and a review of the report of the 56th meeting of the Economic Commission, Also included was the text (paraphrased) of the opening speech by Osvaldo Hurtado Larrea, president of Ecuador.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. The topics discussed were primarily in response to the report of the third meeting of the Ministerial Committee, which had meant to address the issues of pricing and production ceilings, but during the meeting, the continuing issue of price differentials was raised as well.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics included approval of the 1983 budget, and the report from the sixth meeting of the Ministerial Committee, which recommended maintaining the production ceiling in light of continued reduced demand for oil.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. The main topics of discussion were to set the price per barrel of crude at $29, and to keep a production ceiling of 17.5 million barrels per day.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics included the financial and auditor's reports for 1982, and the reports of the Ministerial Monitoring Committee and the Economic Commission, and a review of the long-term strategy of OPEC, since market conditions had greatly changed since the last time they had addressed that several years earlier. Also included was the text of the opening address by Finnish Prime Minister Kalevi Sorsa.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics included the 1984 budget, the reports of the Ministerial Monitoring Committee and the 59th Economic Commission meeting. These reports confirmed that the market had weakened and led them to hold off raising the ceiling on production and to maintain current prices. The decision to appoint a new Secretary General, pending from previous meetings, had again been deferred, due to objections from some members (such as Iran) as to the selection process.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics included the financial and auditor's reports for 1983, discussion of the reports of the Ministerial Monitoring Committee and the 60th meeting of the Economic Commission Board, and the meeting of the executives of national oil companies. No new Secretary General was chosen, and it was agreed to maintain current price levels and the production ceiling, and to reach out to non-OPEC producing countries to better coordinate pricing and production.

Provided the committee's assessment of market conditions, outlook for oil demand, and results of the $5 reduction in price per barrel of crude.

The report summarized the committee's discussion to date of four key issues: developing a long-term strategy for pricing policies, OPEC relations with other oil-exporting countries, OPEC relations with developing countries, and relations with industrialized countries. It was acknowledged that industrialized countries had countered OPEC's strategies in pricing and demand successfully, and that OPEC needed to think more strategically about its own response to that.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Observers: Egypt, Mexico. The main focus of the meeting was responding to price cuts from non-OPEC producers Norway and the United Kingdom, and member state Nigeria, and the reassertion of the existing price per barrel of $29 for member states, and implementation of a cut in production to 16 million barrels per day. The issue of price differentials among different types of crude was revisited, and a committee was formed to pursue that topic further.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Observers: Brunei Darussalam, Egypt, Malaysia, Mexico. Topics included approval of the budget for 1985, and discussion of the reports of the Ministerial Monitoring Committee and the Ministerial Committee on Price Differentials, and in regard to the latter, proposed a table of prices for different types of crude. A new Executive Committee was also formed to ensure that price and production controls were enforced among member states.

Delegations in attendance: Algeria, Indonesia, United Arab Emirates, Venezuela. Topics discussed included lack of success in achieving aims of reduction of output, lack of credibility of OPEC due to differential in pricing systems.

The main topic of the report was of Yamani's (and his committee's) efforts to reach out to non-OPEC oil producing nations, both from the developed (United Kingdom, Norway) and developing (Egypt, Mexico, Malaysia) countries, as well as the Soviet Union, to gauge their possible levels of cooperation with OPEC in setting a pricing structure on oil. As a result of Yamani's meetings with representatives from each of those countries, he invited Egypt, Mexico and Malaysia to attend OPEC meetings as observers.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Observers: Brunei Darussalam, Egypt, Malaysia, Mexico. The main topics were discussion of the reports of the Ministerial Monitoring Committee, the Executive Council, and the Ministerial Committee on Price Differentials. In regard to price differentials, a table of prices for different types of crude were adopted by most membrs, with Algeria, Iran, and Libya dissenting and Gabon abstaining.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Observer: Mexico. Topics included review and discussion of reports from the 62nd meeting of the Economic Commission Board, the Ministerial Monitoring Committee and the Minsterial Executive Council. In terms of the price differentials, prices were slightly reduced on different types of crude, which most members approved with the exceptions of Algeria, Iran, and Libya, which refused to support that.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Observer: Mexico. One of the primary topics discussed was the request of some member states (Iraq, Ecuador, Qatar, Gabon, and the United Arab Emirates) for an increase in their production quotas. The meeting agreed to maintain the total production ceiling of 16 million barrels, but to reallocate quotas among member states at a future date. Reports of the Ministerial Executive Council and the Ministerial Monitoring Committee were discussed as well.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Observers: Malaysia, Mexico. Topics included approval of the 1986 budget, review of the reports of the 63rd meeting of the Economic Commission Board and the Ministerial Monitoring Committee. Given the status of the market and the increasing decline in production by OPEC member states, concern was raised that OPEC needed to do more to capture a larger share of the market, and set up a committee to examine what measures OPEC could take to do so.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. The 77th meeting was divided into two parts, one that met in Geneva over a week in March 1986, and the second half that resumed in Geneva a month later. During the first meeting, which c consisted of ten sessions, reports of the Ministerial Monitoring Committee, the Special Ministerial Committee, and the Minsterial Executive Committee were presented and discussed, with the main topics being the production ceiling, price differentials, and per barrel price in response to changes in the market since their last meeting, and ensuing losses in revenue to member states.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. The conference continued its meeting in eight further sessions in which they discussed various strategies for defending OPEC's market share, set further production ceilings, discussed outreach to various non-OPEC oil producing nations (such as Mexico, Malaysia, Oman, Angola, Egypt), seeking to coordinate actions, and the meeting condemned the U.S. aerial attack on member state Libya.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics included the Financial and Auditors' reports for 1985, discussion of the reports of the 64th meeting of the Economic Commission Board, the Ministerial Monitoring Committee, and the Group of Five Ministers. The latter report detailed the efforts of committee members to reach out to the governments of several non-OPEC oil producing countries (Norway, Mexico, Malaysia, Brunei, USSR, Angola, Egypt) in order to discuss how they could induce them to follow policies in terms of production and pricing that were more in alignment with those of OPEC. The bulk of the meeting though concerned discussions of production ceilings, quotas, and pricing of member states within OPEC. Also included is the text of the opening speech by Andrej Ocvirk, president of the Federal Committee for Energy and Industry of Yugoslavia.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. The bulk of the meeting involved discussed on the contentious issues of quotas among member nations, as well as pricing and production ceilings.

Handwritten note on first page stating: "Prepared by Dr. A. Parra and M. Slotinfemi [sp?]. Presented on 25/7/86 to conference."

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. The continued discussion of quotas and pricing occupied the bulk of the meeting, with the decision to extend the temporary ceiling on production set at the previous meetings, along with corresponding quotas amongo member states.

Delegations in attendance: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela. Topics included the continued discussion of production ceilings, quotas, and pricing, with review of reports by the Ministerial Monitoring Committee, the Economic Commission Board, the Ministerial Committee on Pricing, and the Ministerial Committee on Quotas. The topic of adopting a fixed price per barrel, raised at the previous meeting, was adopted, at the price of $18 per barrel.

Consists of letters, telexes, charts, statistics, submitted to Secretariat by various member countries, as background information for their positions on whether or not production quotas should be raised.