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<title>28th Meeting Of The Ministerial Monitoring Sub-Committee</title>
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<p align="right"><font face="Arial" size="3">No. 3/2000&#9;&#9;&#9;&#9;&#9;&#9;&#9;
For immediate release</font></p>
<p align="right"><font face="Arial" size="3">Vienna, Austria&#9; 29
March 2000</font></p>
<p align="JUSTIFY"></p>
<p align="JUSTIFY">&nbsp;</p>
<p align="JUSTIFY">&nbsp;</p>
<p align="JUSTIFY">&nbsp;</p>
<p align="CENTER"><b><i><font face="Helv">ONE-HUNDRED-AND-NINTH (109TH)
MEETING OF THE</font></i></b></p>
<p align="CENTER"><b><i><font face="Helv">OPEC CONFERENCE</font></i></b></p>
<p align="CENTER"><font face="Helv"><b>Vienna, Austria, 27-29 March
2000</b></font></p>
<p align="JUSTIFY"></p>
<p align="JUSTIFY"><font face="Arial" size="3">&#9;The 109th Meeting
of the Conference of the Organization of the Petroleum Exporting
Countries (OPEC) convened in Vienna, Austria, from 27 to 29 March
2000.</font></p>
<p align="JUSTIFY"></p>
<p align="JUSTIFY"><font face="Arial" size="3">&#9;The Conference
unanimously elected HE Al&iacute; Rodr&iacute;guez Araque, Minister
of Energy &amp; Mines of Venezuela and Head of its Delegation, as
its President, for a period of one year. HE Abdalla Salem El Badri,
Secretary of the People’s Committee of the National Oil Corporation
of the Socialist People’s Libyan Arab Jamahiriya and Head of its
Delegation, was unanimously elected Alternate President, for the
same period.</font></p>
<p align="JUSTIFY"></p>
<p align="JUSTIFY"><font face="Arial" size="3">&#9;The Conference
expressed its pleasure at the presence of high-level representatives
from Angola, Mexico, the Sultanate of Oman, and the Russian Federation,
oil-producing countries whose continued support is welcomed by the
Organization.</font></p>
<p align="JUSTIFY"></p>
<p align="JUSTIFY"><font face="Arial" size="3">&#9;The Conference
reviewed the Secretary General's report, the report of the Economic
Commission Board, the report of the Ministerial Monitoring Sub-Committee
(MMSC), and various administrative matters.</font></p>
<p align="JUSTIFY"></p>
<p align="JUSTIFY"><font face="Arial" size="3">&#9;The Conference
decided to hold an Extraordinary Meeting of the Conference on Wednesday,
21 June 2000, in Vienna, Austria, in order to review the situation.</font></p>
<p align="JUSTIFY"></p>
<p align="JUSTIFY"><font face="Arial" size="3">&#9;The Conference
requested the incumbent Secretary General, HE Dr. Rilwanu Lukman,
to remain in his post for the remainder of his term.</font></p>
<p align="JUSTIFY"></p>
<p align="JUSTIFY"><font face="Arial" size="3">&#9;The Conference
expressed its appreciation to the Government of the Federal Republic
of Austria and the authorities of the City of Vienna for their warm
hospitality and the excellent arrangements made for the Meeting.</font></p>
<p align="JUSTIFY"></p>
<p align="JUSTIFY"><font face="Arial" size="3">&#9;The Conference
passed Resolutions that will be published on 29 April 2000, after
ratification by Member Countries.</font></p>
<p align="JUSTIFY"></p>
<p align="JUSTIFY"><font face="Arial" size="3">&#9;The next Ordinary
Meeting of the Conference will be convened in Vienna, Austria, on
Sunday, 10 September 2000.</font></p>
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