Table Of ContentTAL/8'5
OPEC TRADE
DIRECTORY
SECOND EDITION
Edited by
SHAMAS ESMAIL
COPYRIGHT © 1979 AMANCO ENTERPRISES L TO.
SOFTCOVER REPRINT OF THE HARDCOVER 2ND EDITION 1979
ALL RIGHTS RESERVED. NO PART OF THIS PUBLICATION
MAY BE REPRODUCED OR TRANSMITTED, IN ANY FORM
OR BY ANY MEANS, WITHOUT PERMISSION.
First Published 19 79 by
THE MACMILLAN PRESS L TO.
London and Basingstoke
Associated companies in Delhi Dublin
Hong Kong johannesburg Lagos Melbourne
New York Singapore and Tokyo
British Library Cataloguing in Publication Data
The OPEC trade directory -Second Edition
1. Organization of Petroleum Exporting
Countries - Industries - Directories
I. Title
380. 1 025 HD9560.3
ISBN 978-1-349-04696-6 ISBN 978-1-349-04694-2 (eBook)
DOI 10.1007/978-1-349-04694-2
By Esmail, Shamas
This Book is sold subject to the standard conditions
of the Net Book Agreement
TABLE OF CONTENTS PAGE NO.
1 PREFACE ............................................. IX
2 INFORMATION ON OPEC ........................... XI-XVI
3 ALPHABETICAL INDEX OF PRODUCT
CLASSIFICATIONS AND THEIR RESPECTIVE
STANDARD INDUSTRIAL CLASSIFICATION
(SIC) CODES .................................... XVII-XL
OPEC COUNTRIES
4 SAUDI ARABIA ..................................... 1- 80
5 KUWAIT .......................................... 81-143
6 IRAN ........................................... 145-228
7 IRAQ ........................................... 229-248
8 UNITED ARAB EMIRATES .......................... 249-287
9 LIBYA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 289-308
10 NIGERIA ........................................ 309-367
11 INDONESIA ...................................... 369-451
12 VENEZUELA ..................................... 453-525
13 ALGERIA ........................................ 527-548
14 QATAR .......................................... 549-581
15 ECUADOR ....................................... 583-644
16 GABON .......................................... 645-657
17 ADVERTISING SECTION ........................... 659-679
v
ALPHABETICAL INDEX OF ADVERTISERS
PAGE NO.
1 ABDULREHMAN ALGOSAIBI SAUDI ARABIA 9 & 661
2 AGENCE DE PROMTION DES
INVESTTISSMENTS TUNISIA 661
3 BIN HAMOODAH U.A. EMIRATES 257 & 662
4 BUREAU TAMER SAUDI ARABIA 80 & 662
5 CARGO & SHIPPING CO. LTD. IRAN 224 & 663
6 CHINA PRODUCTIVITY CENTRE TAIWAN 664
7 COIR BOARD INDIA 665
8 CONCORD INTERNATIONAL KUWAIT 89 & 666
9 EBARA PUMPS JAPAN 667
10 ELNUSA INDONESIA 451 & 668
11 HAMDI SHENIEB LIBYA 296 & 669
12 INDESA LTD. INDONESIA 424 & 670
13 "LA INTERNACIONAL"
SOCIEDAD ANONIMA ECUADOR 593
14 MYUNG JIN TRADING CO. LTD. KOREA 671
15 METACARYA UTAMA P.T. INDONESIA 671
16 MUSAAD AL-SALEH KUWAIT 143 & 672
17 NEW NIGERIA BANK NIGERIA 365 & 673
18 NICON INDUSTRY CO. LTD. JAPAN 674
19 ORANGUN WHOLESALES STORE NIGERIA 324 & 674
20 RAFIDAIN BANK IRAQ 237 & 675
21 REAL ESTATE INVESTMENT
CONSORTIUM KUWAIT 142 & 676
22 SASI LIMITED PAKISTAN 677
23 SHAMS! CLOTH & GENERAL MILL PAKISTAN 676
24 SONA TRADING OFFICE LIBYA 295 & 678
25 STARCO CORPORATION SAUDI ARABIA 80 & 678
26 "TEKNIK UMUM" p.t. INDONESIA 381 & 679
VII
THE PUBLISHER HAS ENDEAVOURED TO MAKE THE TALIB'S
OPEC TRADE DIRECTORY Second Edition AS ACCURATE AND COMPLETE
AS POSSIBLE AND ALTHOUGH TO THE BEST OF OUR KNOWLEDGE ALL
THE COMPANIES LISTED ARE OF GOOD REPUTE, NO RESPONSIBILITY
CAN BE ASSUMED IN CONNECTION WITH ANY PERSONS OR FIRMS
LISTED HEREIN IN RESPECT OF ANY TRANSACTIONS DONE WITH
THEM. THE PUBLISHER ALSO ASSUMES NO RESPONSIBILITY FOR ANY
ERRORS OR OMISSIONS IN THE ADVERTISING SPACE AND OMISSION OF
ANY LISTING OR ADVERTISING IN THE DIRECTORY SHALL BE CON
STRUED AS A REJECTION OF THE ORDER BY THE PUBLISHER. IN THE
CASE OF OMISSION ANY AMOUNT PAID TO THE COMPANY FOR LISTING
OR ADVERTISING SPACE SHALL BE REFUNDED AND NO OTHER
LIABILITY SHALL EXIST. PUBLISHER'S LIABILITY, IF ANY, FOR ANY
ERRORS OR OMISSION SHALL IN NO EVENT EXCEED THE AMOUNT
PAID FOR THE ITEM IN QUESTION.
IX
PREFACE
"The principal aim of the Organization shall
be the coordination and unification of the
petroleum policies of member countries and
the determination of the best means for
safeguarding their interests individually and
collectively."
With those words Iran, Iraq, Kuwait, Saudi Arabia and
Venezuela, the five oil producing countries in the middle east and South
America, launched the ORGANIZATION OF PETROLEUM
EXPORTING COUNTRIES (OPEC) in September of 1960. Later to join
the cartel were Algeria, Ecuador, Gabon, Indonesia, Libya, Nigeria, Qatar
and the United Arab Emirates.
One of their objectives was to introduce ways and means to
ensure stabilization of international oil prices and to eliminate harmful
and unnecessary fluctuations. To avoid giving the impression that the
Organization was formed to operate solely for the benefit of the member
countries, the founders declared "Due regard shall be given at all times
to the interests of the producing nations and to the necessity of securing
a steady income to the producing countries an efficient, economic, and
regular supply of petroleum to consuming nations, and a fair return on
their capital to those investing in the Petroleum industry."
Although some consuming countries blame the recession of
mid-1970's predominantly on the price increases for OPEC crude that
began in 19 73 , the member countries of OPEC defend their action by
saying that oil is their national treasure and is not to be sold for an un
realistic price. Whether OPEC has adhered to their precept of fairness
to the oil producing countries and the consumers is an open debate.
The fact however remains that although the Alaskan North
Slope output nearly doubled in 1978 and the production from the
North Sea, Egypt and Mexico is likely to double within the next two
years, OPEC-and in particular Saudi Arabia, with its present reserves,
will continue having a firm hold on world supply.
The revenue from oil has made some of the OPEC nations
extremely wealthy. According to Morgan Guaranty Trust Company of
New York, OPEC's net external assets were expected to total $155
Billion in 1977 and $178 Billion in 1978.
That they are using a considerable part of their income for a
worthwhile cause should not be overlooked. At the August 1977 meeting
in Vienna, OPEC Finance Ministers doubled the resources of the OPEC
special fund from $800 Million to $1.6 Billion, thus demonstrating
X
OPEC's deep concern for the welfare of the other developing countries.
A total of $196.8 Million was loaned to 42 countries around the world
in the years 1977/1978. The purpose of these loans is mainly to assist
seriously affected developing countries in dealing with their balance of
payment deficits and to implement essential development projects.
From an estimated $147 Billion in 1977, OPEC export
revenues will rapidly grow to $282 Billion in 1985. But OPEC imports
will grow even more due to desires of each member country to enhance
its economy and improve its standard of living, resulting in some
recycling of petrodollars.
Shamas Esmail
XI
HOW OPEC CAME INTO BEING
In 1949, Venezuela approached Iraq, Kuwait and Saudi Arabia
to exchange views and explore avenues for regular and closer communication
between them.
In 1959, the posted price for Venezuelan crude was reduced by
$0.05 to $0.25, and that of the Middle East by $0.18 per barrel. In the same
year, a resolution was adopted by the First Arab Petroleum Congress held in
Cairo, calling on oil companies to consult the producing governments before
making any price alterations.
In 1960, the oil companies further reduced Middle East posted
prices for crude by $0.04 to $0.14 per barrel. Immediately, consultations
were initiated between oil officials of the Middle East and Venezuela to con
sider measures for coping with price fluctuations.
In September 1960, a Conference was held in Baghdad, at
tended by the representatives of the governments of Iran, Iraq, Kuwait,
Saudi Arabia and Venezuela, which brought into being the Organization of
the Petroleum Exporting Countries (OPEC) as a permanent inter-govern
mental organization. The treaty establishing OPEC was registered with the
United Nations in November 1962, under No. 6363.
PRINCIPAL AIMS OF THE ORGANIZATION
The principal aims of the Organization are the coordination and
unification of the petroleum policies of Member Countries and the determin
ation of the best means for safeguarding their interests, individually and
collectively.
The Organization devises ways and means of ensuring the stabil
ization of prices in international oil markets with a view to eliminating harm
ful and unneccessary fluctuations, due regard being given at all times to the
interests of the producing nations and to the necessity of securing a steady
income to the producing countries; an efficient, economic and regular supply
of petroleum to consuming nations; and a fair return on their capital to
those investing in the petroleum industry.
The Organization seeks, in consultation and cooperation with
the other countries of the world, the establishment of a new economic order
based on justice, mutual understanding and a genuine concern for the well
being of all peoples.
MEMBERSHIP
Any country with a substantial net export of crude petroleum,
which has fundamentally similar interests to those of Member Countries,
may become a Full Member of the Organization, if accepted by a majority of
three-fourths of Full Members, including the concurrent vote of all Founder
Members.
Founder Members of the Organization are those countries
which were represented at the First Conference, held in Baghdad, and which
XII
signed the original agreement establishing the Organization.
Full Members are the Founder Members, plus those countries
whose applications for membership have been accepted by the Conference.
The Organization now has thirteen Members; in addition to the
aforementioned five Founder Members (Iran, Iraq, Kuwait, Saudi Arabia and
Venezuela), the following countries joined in the sequence shown below:
Qatar 1961
Indonesia 1962
Libya 1962
Abu Dhabi (which merged with the United
Arab Emirates in 1974) 1967
Algeria 1969
Nigeria 1971
Ecuador (as Associate Member, becoming
a Full Member in November of the
same year) 1973
Gabon (as Associate Member, becoming
a Full Member in June 19 75 ) 1973
ORGANS OF THE ORGANIZATION
I. The Conference
This is the supreme authority of the Organization, and consists of delega
tions representing the Member Countries. It meets twice a year. The
Conference:-
1. Formulates the general policy of the Organization and determines
the appropriate ways and means of its implementation;
2. Decides upon any application for membership of the Organization;
3. Confirms the appointment of Members of the Board of Governors;
4. Directs the Board of Governors to submit reports or make recom
mendations on any matters of interest to the Organization;
5. Considers, or decides upon, the reports and recommendations sub
mitted by the Board of Governors on the affairs of the
Organization;
6. Considers and decides upon the Budget of the Organization, as sub
mitted by the Board of Governors.
