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RIYADH: Members of the Organization of Arab Petroleum Exporting Countries (OAPEC) signed a resolution on Sunday to rename the organization to the Arab Energy Organization (AEO), the Saudi Press Agency reported. Saudi Arabia had proposed renaming and restrucSaudi Arabia proposes renaming OAPEC into the Arab Energy Organization
RIYADH: Members of the Organization of Arab Petroleum Exporting Countries (OAPEC) signed a resolution on Sunday to rename the organization to the Arab Energy Organization (AEO), the Saudi Press Agency reported. Saudi Arabia had proposed renaming and restructuring the organization during the 113th ministerial meeting in Kuwait this week. Saudi Arabia's proposal aimed to enhance OAPEC's charter and promote stronger cooperation among its members as part of a larger reconstruction initiative, the SPA added. Read more