Lukong Pius Nyuylime
26 March 2008
APPA president, Adolphe Moudiki made the call yesterday during the opening of experts meeting in Yaounde.
Experts in the oil sector, many of them representatives of the African Petroleum Producers Association for their various countries, began meeting in their 35th Ordinary session in Yaounde yesterday ahead of the 25th Ordinary Session of the Council of Ministers billed for 28 March.
The experts are expected to screen important files that will enhance the effective functioning of the APPA association. Top on the agenda are a practical action plan for 2008-2011, a realistic budget for 2008-2009, cleansing of the secretariat after the 2007 audit and adoption of the new management procedure for the secretariat. These will equally constitute the main menu for the council of ministers.
In his speech during the opening ceremony yesterday, Cameroon's Plenipotentiary Current President of APPA, Adolphe Moudiki, urged participants to work diligently and produce not only a good action programme but ensure they come up with guidelines that would help in its effective implementation. He was particularly concerned about the laxity in the financial contribution of APPA member States to the association's fund. The fund which is supplied by member countries' contributions, he said, went operational in 2007 with an original capital of 4 million dollars. So far, its effective functioning has slowed down due to poor contribution from member countries. "That is one of our main concerns in APPA. I myself, I was very disappointed with members of this association to see that they have not been contributing as expected", Seddigui Ismail, National APPA representative for Libya told Cameroon Tribune.
"Many of our members blame the situation on external factors", he said. Against this backdrop, Moudiki called on experts to formulate the best strategy to enhance the fund.
That notwithstanding, the experts will consider a number of things as they formulate what the council of ministers will adopt come 28 March. As aptly described by Adolphe Moudiki during last Monday's press briefing, "the difficult international situation is characterised by high crude oil prices." This continuous increase, he said, is a result of sustained global crude oil demand, which today stands at 86 million barrels a day, whereas global supply is estimated at 85.44 million barrels.
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