Middle East Economic Survey

VOL. XLVIII

No 39

26-September-2005

OPEC Adopts Comprehensive Long-Term Strategy

OPEC announced on 20 September that ministers had agreed to adopt the Long-Term Strategy document that has been in preparation for the last two and half years. The strategy sets objectives in relation to the long-term petroleum revenues of Member Countries, fair and stable prices, the role of oil in meeting future energy demand, the stability of the world oil market, and the security of...