2002 - OPEC

The SGO was also concerned with co-ordinating the Secretariat’s protocol, as well as organizing the
many missions conducted by the Secretary General and other members of the Secretariat staff during
the course of the year, and in preparing monthly accounts of the Secretariat’s activities for distribution
to Member Countries.
Research Division
The year 2002 was marked by several high-level international meetings such as the WSSD, the COP8
to the UNFCCC and the 8 th International Energy Forum (IEF). This resulted in a significant increase in
the number of meetings being held within the Secretariat and elsewhere.
The Research Division (RD) continued monitoring oil market developments during the year and several
high level official visits were made to Russia, to exchange views on the oil market and enhance co-
operation to stabilize the market. The 2 nd Experts Working Group Meeting of Representatives of OPEC &
invited non-OPEC Countries was held on June 20, 2002, to informally exchange views on developments
in the world economy and in the oil market, including the near-term market prospects. Bearing in mind
the importance and need for close co-operation among all oil producers, follow-up meetings will be
held regularly to reassess the market situation.
Besides monitoring current oil market conditions and trends, a number of studies and reports were
prepared, or drafted, in the areas of the oil market, upstream and downstream operations, the long-
term outlook and energy modelling, energy policies and oil industry structure, World Trade Organization
(WTO), environmental issues, information technology and statistics. Some of the reports that were
submitted and discussed at the BoG, ECB, and at the Special Experts Meeting of the ECB, included:
The Analysis of Factors Contributing to Crude Oil Price Volatility, Is there a Need for a New Benchmark?,
Short- to Medium-Term Non-OPEC Oil Supply Forecasting System, Major Potential Resources for Future
Non-OPEC Oil Supply: Deepwater & Bitumen, Upstream Petroleum Contracts within OPEC and Non-OPEC
Countries: Legal, Fiscal and Economic Comparative Study, Online Statistical Reports on OPEC Intranet,
International Oil Data Transparency Initiative.
The study on the oil downstream sector to 2015 was conducted using the WORLD model. In addition,
the quarterly Environmental Report has continued to provide updated scientific environmental facts, with
a focus on the policy issues and options in the areas of taxation, the oil and gas industry, alternative
energy, conventional energy and trade. The Environmental Report also provided a detailed analysis on
the UNFCCC. OPEC held co-ordination meetings and participated in several of the UNFCCC workshops
based on COP7 decisions.
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