2005 - OPEC

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Diary of the President/Secretary General January 6 Ministerial Roundtable Discussion on “Regional Cooperation: Key to Energy New Security”, Delhi, India January 21 Societé General’s Oil Day, Paris, France January 26–30 2005 World Economic Forum (WEF), Davos, Switzerland February 14–15 IP Week, London, UK February 15–17 2nd African Petroleum Congress, Algiers, Algeria February 25 Preparatory Meeting with Senior European Union Officials (EU-OPEC Energy Dialogue), Brussels, Belgium March 1–4 8th Annual Asia Power Conference, Singapore March 21 Conference on Legal and Legislative Forum of Natural Resources: Legal and Economic Aspects, Kuwait City, Kuwait April 2–3 EuroGulf Energy Forum, Kuwait City, Kuwait April 4–5 13th Annual Middle East Petroleum and Gas Conference, Dubai, UAE April 11–12 9th Meeting of the International Energy Forum Executive Board and 1 st Meeting of the Informal Support Group, Rome, Italy April 19–20 9th Economist Government Roundtable, Athens, Greece April 21 6th International Oil Summit, Paris, France April 22 Visit to Institut Français du Pétrole Headquarters, Paris, France May 11–12 Global Roundtable on Climate Change, New York, US May 15 3rd OPEC-IEA Joint Workshop, Kuwait City, Kuwait May 20–22 World Energy Council, Jordan May 30–June 1 Montreux Energy Roundtable, Montreux, Switzerland June 6 1st Meeting of the EU-OPEC Dialogue, Brussels, Belgium July 5 European Parliament’s Energy Forum, Strasbourg, France August 23–25 34th Session of Erice International Seminars on Planetary Emergencies, Erice, Italy August 24–25 30th Vienna Conference of Japan Cooperation Centre for the Middle East, Vienna, Austria
August 30 Nordic Energy Conference 2005, Oslo, Norway September 2–4 31st Edition of Ambrosetti’s Forum “Intelligence 2005 on the World, on Europe, on Italy” ,Villa d’Este, Lake Como, Italy September 14–15 Oxford Energy Seminar, Oxford, UK September 21 Oil and Money Conference, London, UK September 23 74th Meeting of Ministers of the Group of 24 on International Monetary Affairs and Development, Washington DC, US September 24–25 World Bank-International Monetary Fund Annual Meetings 2005, Washington DC, US September 26 European Oil and Gas Conference, Vienna, Austria September 26–29 18th World Petroleum Congress, Johannesburg, South Africa October 1 International Energy Forum (IEF) Executive Board Meeting, Doha, Qatar October 19 7th Asia-Pacific Economic Cooperation (APEC) Energy Ministers Meeting, Kyungju, Republic of Korea October 20 OPEC-APEC Business Dialogue, Kyungju, Republic of Korea October 20–21 Workshop on Trends in Oil Supply and Demand and Potential Peaking of Conventional Oil Technology, Washington DC, US October 28–30 31st Pio Manzu Conference, Rimini, Italy October 31– 5th Russian Oil and Gas Week, Moscow, Russia November 2 November 3–4 Emerging Europe Energy Summit, Vienna, Austria November 19 Inauguration of IEF Secretariat, Riyadh, Saudi Arabia November 21 IEA Presentation of Middle East North Africa Report, Abu Dhabi, UAE December 4–6 Salzburg Seminar, Salzburg, Austria December 21–24 Official mission to the Peoples Republic of China, Beijing, PR China December 24–27 Official mission to the Russian Federation, Moscow, Russia
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Organization of the Petroleum Expor
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Foreword There are many words that
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As an industry we have to be inclus
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OPEC in the World Economy In 2005,
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significantly supported by savings
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The largest country in the region,
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$510.5 billion in revenues, compare
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Oil Market Developments OPEC produc
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Figure 1: Year-on-year percentage c
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Figure 3: OPEC 1 and non-OPEC 2 mar
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OECD OECD countries, which account
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Table 6 Summarised supply/demand ba
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Figure 4: Monthly movement of crude
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demand growth forecast for 2005 and
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closing at $57.82/b. The downward p
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Looking ahead, initiatives from OPE
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The freight rates of VLCCs on the M
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EU-OPEC Energy Dialogue In line wit
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million barrels a day for a period
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Russia-OPEC Energy Dialogue Russia,
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China-OPEC Energy Dialogue The birt
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OPEC Acting Secretary General expre
Page 48 and 49: Dr Edmund M Daukoru, Presidential A
Page 50 and 51: is fully met, and global crude oil
Page 52 and 53: particular the fourth quarter 2005,
Page 54 and 55: in the Middle East and North Africa
Page 56 and 57: increased activity in the oil futur
Page 58 and 59: & Energy and Head of its Delegation
Page 60 and 61: forward to hosting the next EU-OPEC
Page 62 and 63: OPEC President sends US Energy Secr
Page 64 and 65: what additional measures could be t
Page 66 and 67: implementing costly investment plan
Page 68 and 69: tion remaining committed to so enha
Page 70 and 71: panding the role of oil in meeting
Page 72 and 73: Brussels on 9 June, including the f
Page 74 and 75: The Conference considered the repor
Page 76 and 77: Al-Ahmed Al-Jaber Al-Sabah, Prime M
Page 78 and 79: Activities of the Secretariat Offic
Page 80 and 81: stocks at comfortable levels, and h
Page 82 and 83: oil in meeting future global energy
Page 84 and 85: In addition to the close monitoring
Page 86 and 87: through regular dissemination of el
Page 88 and 89: support from the RD, also updated a
Page 90 and 91: 2005 were stored in the OPEC archiv
Page 92 and 93: ALGERIA Dr Chakib Khelil Minister o
Page 94 and 95: Members of the Board of Governors M
Page 96 and 97: National Representatives to the ECB
Page 100 and 101: 100 Calendar January 14 OPEC-United
Page 102 and 103: June 14 Meeting of the OPEC Legal D
Page 104 and 105: November 28- COP-11-Meeting of the
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2005 - OPEC

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