Doha, October 17 (QNA) – The two-day 14th meeting of the Executive Board of the Gas Exporting Countries Forum (GECF) which opened here Wednesday at its headquarters is mulling various reports including the key report on the workshop held for creating a financial institution.
Delegations from 12 member countries – Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago, Oman and Venezuela – are attending the meetings conducted by GECF Executive Board Chairman Ilya Galkin from Russia at the Tornado Tower in Doha. The Netherlands and Norway have sent observer members.
The GECF Secretary General Leonid Bokhanovskiy hosted a series of meeting building up to the 14th meeting of the Executive Board.
The major issues discussed by the EB Members were the Program of Work and Budget for year 2013, which represents the platform of the work of the GECF in general and the Secretariat in particular during the next year, a GECF official said.
The 14th EB meeting set the framework for the discussions that would be held during the Ministerial Meeting in Malabo, Equatorial Guinea next month on November 21 as well as the procedure for incorporation of new members countries, the discussions of the gas market reports and approval of GECF anniversary celebration activities.
A number of strategic meetings were also held today like the third High-Level Working Group on the GECF Long Term Strategy, which defines the guidelines for future work of the Forum; the 3rd meeting of the Steering Committee a Specialized Body which provides technical advisory to the Secretariat and Member countries also met.
Other specialized bodies discussed the establishment of a Gas Institute and had exploratory discussion on the creation of a financial institution within the GECF. (QNA)