A High Rank Delegation from APICORP visits Syria and Lebanon

13/06/2005 – A high rank delegation from Arab Petroleum Investments Corporation (APICORP) starts its meetings with the Syrian senior officials in the oil, planning, financial and commercials sectors on Monday 13 June.

APICORP’s visit to Syria came in response to the kind invitation by H.E. Dr. Ibrahim Haddad, The Syrian Oil Minister.

APICORP’s delegation is led by H.E. Ahmad Bin Hamad Al-Nuaimi, Chief Executive and General Manager, and it included Dr. Abdulla Al-Ibrahim, Senior Manager of the Projects Department, Mr. Nicolas Thevenot, Senior Manager of the Project and Trade Finance Department and Mr. Bassam Al-Tamimi, Manager of the Mediterranean and North Africa Business Group at the Project and Trade Finance Department.

The delegation will discuss with the Syrian officials the necessary steps for activating the mutual cooperation between APICORP and the Syrian Arab Republic, as goes along with the objectives of APICORP business and financing activities, which are based on arranging the necessary finance in support and development of the oil, gas and petrochemical industries in the Arab world.

It is worth mentioning here that Syrian is among the 10 member states of the Organisation of Arab Petroleum Exporting Countries (OAPEC), who are the shareholders of APICORP.

At the end of his visit to Syrian, Mr. Al-Nuaimi, accompanied by Dr. Mohamed Abdul-Jabbar, the Senior Economist at the Projects Department will also visit Lebanon in answer to the kind invitation by H.E. Riyad Tawfiq Salama, Governor of the Bank of Lebanon to attend the 11th Annual Conference for Investment and Arab Capital Markets organised by the Bank of Lebanon, Al-Eqtessad Wal Aamal Group and Lebanese Bankers Association in collaboration with Internal Finance Corporation. The Conference will take place on June 16-17 in Beirut.

APICORP is an inter-Arab joint stock Corporation, established in November 1975 in accordance with an International Agreement between the member states of OAPEC. APICORP’s Head Office is based in Eastern Saudi Arabia.