The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. The five Founding Members were later joined by nine other Members: Qatar (1961); Indonesia (1962) – suspended its membership from January 2009; Socialist Peoples Libyan Arab Jamahiriya (1962); United Arab Emirates (1967); Algeria (1969); Nigeria (1971); Ecuador (1973) – suspended its membership from December 1992-October 2007; Angola (2007) and Gabon (1975–1994). OPEC had its headquarters in Geneva, Switzerland, in the first five years of its existence. This was moved to Vienna, Austria, on September 1, 1965.
OPEC's objective is to co-ordinate and unify petroleum policies among Member Countries, in order to secure fair and stable prices for petroleum producers; an efficient, economic and regular supply of petroleum to consuming nations; and a fair return on capital to those investing in the industry.
OPEC’s mission is to help stabilize the oil market through coordination of national oil production policies and to help oil producers achieve a reasonable investment return. It further helps ensure stable oil supplies for consumers. The advertised post is located at the OPEC Secretariat in Vienna, Austria, headed by the Secretary General, who carries out the executive functions of the Organization.
Job Dimensions:
Within the Research Division, the Energy Studies Department is responsible for monitoring, analysing and forecasting world energy developments in the medium and long term and reporting thereon, in particular providing in-depth studies and reports on energy issues. It monitors developments and undertakes specific studies on energy demand and production-related technology, assessing implications for OPEC. It identifies and follows up key areas of energy-related emerging technologies and research and development (R&D), facilitates and supports planning and implementation of collaborative energy-related R&D programs of Member Countries, as well as identifies prospects for OPEC participation in major international R&D activities. It carries out studies and reports on developments in the petroleum industry, providing effective tools for carrying out model-based studies of analyses and projections of energy supply/demand and downstream simulation. It elaborates OPEC Long Term Strategy and monitors, analyses and reports on relevant national or regional policies (fiscal, energy, trade and environmental), assessing their impacts on energy markets.
The Petroleum Industry Analyst studies and analyses medium to long-term strategies, plans, operations and performance of petroleum-related companies and assesses the impact on OPEC and on the medium to long-term oil outlook. In addition, he/she monitors and analyses developments in the petroleum industry structure and assesses their impact on OPEC.
Required Competencies and Qualifications:
University degree (advanced degree preferred) in Economics, Finance or Engineering
A minimum of 8 years (6 years in case of an advanced degree) in the petroleum industry or in oil-related companies or institutions
Training/specialization in economic analysis, analysis of the financial performance of companies, analysis of company strategies, corporate planning and knowledge of oil companies’ operations along the value chain an asset
Analytical, communication and presentation skills
Status and Benefits:
Members of the Secretariat are international employees whose responsibilities are not national but exclusively international. In carrying out their functions they have to demonstrate the personal qualities expected of international employees such as integrity, independence and impartiality.
The post is at grade E reporting to the Head of Energy Studies Department. The compensation package, including expatriate benefits, is commensurate with the level of the post.
Applications:
Applicants must be nationals of Member Countries of OPEC and should not be older than 58 years. OPEC has a policy of non-discrimination.
Applicants are requested to fill out the application form which can be received from their Country’s Governor for OPEC.
In order for applications to be considered, they must reach the OPEC Secretariat through the relevant Governor, not later than 26 June 2011.
