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News number: 8711051053

14:18 | 2009-01-24

Economy

نسخه چاپي ارسال به دوستان

GECF Due to Form Executive Committee

TEHRAN (FNA)- Newly found Gas Exporting Countries Forum (GECF) will soon form an executive committee, Iran's OPEC Governor said Saturday.



The member countries of the Gas Exporting Countries Forum are Algeria, Bolivia, Brunei, Venezuela, Egypt, Indonesia, Iran, Qatar, Libya, Malaysia, Nigeria, the United Arab Emirates, Russia, Trinidad and Tobago.

The GECF aims to balance the global gas market similar to what the Organization of Petroleum Exporting Countries does.

According to the Iranian students news agency, the High Level Committee of the forum has also issued its articles of association which was initially proposed by Iran, said Mohammad Ali Khatibi.

Creation of the forum was proposed by Tehran in 2001 and the members have regularly met during the 8 years until it was finally formed in late 2008, he added.

Choosing the headquarters of the GECF was not a political process, he explained, firstly Iran, Russia, Algeria and Qatar had volunteered but since during the time-consuming process the members did not agree upon one single candidate they decided upon a vote based on the accessibility, financial and legal criterions and chose Qatar away from political intentions.