Resolutions of the 122nd (Extraordinary) Meeting of the OPEC Conference

No 1/2003
Vienna, Austria
12 Jan 2003

The 122nd (Extraordinary) Meeting of the Conference of the Organization of the Petroleum Exporting Countries, held in Vienna, Austria, on December 12, 2002, adopted the following Resolutions, which, in accordance with customary procedures, have been ratified by the Member Countries and are issued herewith:

Resolution No 122.398

The Conference,

upon the recommendation of the Board of Governors,

in accordance with Article 38 of the Statute and the Financial Regulations,

approves,

The Budget for the year 2003, totalling €17,599,805, of which an amount of €1,099,805 is to be financed by a transfer from the Reserve Fund Account, with the balance being contributed by the Member Countries.

That the contribution payable by each Member Country shall be €1,500,000 payable in one instalment not later than March 31, 2003.

Resolution No 122.399

The Conference,

upon the recommendation of the Board of Governors,

approves,

the appointment of TPA Control Wirtschaftsprüfung GmbH to act as auditors for the financial year 2002 and to submit a report thereon.

Done in Vienna this 12th Day of December 2002.

Head of the Delegation of Algeria
Dr Chakib Khelil
Head of the Delegation of Indonesia
Dr Purnomo Yusgiantoro
Head of the Delegation of the Islamic Republic of Iran
Bijan Namdar Zangeneh
Head of the Delegation of Iraq
Dr Amer Mohammed Rasheed
Head of the Delegation of Kuwait
Ahmad F. Al-Ahmad Al-Sabah
Head of the Delegation of the Socialist Peoples Libyan Arab Jamahiriya
Dr Abdulhafid Mahmoud Zlitni
Head of the Delegation of Nigeria
Dr Rilwanu Lukman
Head of the Delegation of Qatar Abdullah Bin Hamad Al-Attiyah
Head of the Delegation of Saudi Arabia
Ali I. Naimi
Head of the Delegation of the United Arab Emirates
Obaid Bin Saif Al-Nasseri
Head of the Delegation of Venezuela
Gustavo Márquez Marín