Arab Today, arab today oapec more cooperation needed to develop oil maritime transport
Last Updated : GMT 11:18:27
Arab Today, arab today
Arab Today, arab today

OAPEC: more cooperation needed to develop Oil maritime transport

Arab Today, arab today

Arab Today, arab today OAPEC: more cooperation needed to develop Oil maritime transport

OAPEC: more cooperation needed to develop Oil maritime transport
Kuwait - QNA

The oil maritime transport sector needs to be further developed through increased collaboration amongst nations and a unified legislative system, the Organization of Arab Petroleum Exporting Countries (OAPEC) said on Tuesday.

    In its monthly report, obtained exclusively by KUNA, OAPEC noted that further cooperation between Arab nations is needed to stave off challenges and develop the maritime transport sector, adding that the sector is viable, with promising dividends for Arab nations.

    Moreover, OAPEC said that the maritime transport sector is instrumental to the growth of the oil industry, noting that the sector has been given precedence in the international economic stage.

    According to recorded data, oil transporters made up more than half of the commercial fleet in Arab nations in 2015, with a capacity of 84,315 thousand tons coming mostly from OAPEC member nations.

    Meanwhile, OAPEC noted that many of its member nations have formed special companies designated for oil and gas transport, in addition to ensuring well developed ports that are on par with international standards.

    The report also cited the Arab Marine Petroleum Company based in Kuwait as amongst the pioneering regional companies in the oil transport sector, adding that the formation of such companies point to the significance of the sector.

    In addition, OAPEC highlighted that plummeting oil prices are having a detrimental effect on the Arab oil maritime transport sector, as business has largely slowed as a result.

    OAPEC also pinpointed lack of financial support as the chief obstacle facing the industry, in addition to a polarizing legislative system in the Arab world that if not remedied, would prove difficult for the oil maritime sector to flourish.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today oapec more cooperation needed to develop oil maritime transport Arab Today, arab today oapec more cooperation needed to develop oil maritime transport

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom, China plunges into snow biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom, China plunges into snow biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday