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FACTBOX: OPEC heads of state summit in Riyadh

Tue Nov 13, 2007 5:21am EST

(Reuters) - Saudi Arabia is hosting the third summit for heads of state of the 12 members of the Organization of the Petroleum Exporting Countries (OPEC) this week in Riyadh.

Following is information on the summit.

- OPEC oil ministers are due to meet informally at a ministerial symposium taking place on November 15-16. The symposium features a number of sessions with ministers participating in panel discussions on energy-related topics.

- The gathering in Riyadh lacks the status of a full-blown consultative meeting at which the group's oil ministers take formal decisions on oil output.

- Finance and foreign ministers from member states are also expected to be in the delegations to Riyadh.

- The heads of states of each of the 12 member countries, plus incoming member Ecuador, are due to meet on November 17-18. Heads of state are not expected to make any coordinated policy decisions at the event.

- OPEC's 12 members are Algeria, Angola, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela. Ecuador plans to rejoin the producer group at the summit.

- The first OPEC heads of state summit was held in Algiers, Algeria in March 1975.

- The second was held in Caracas, Venezuela in September 2000.


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