Publication: Magyar Közlöny
Issue: MK-1999-28 (Year: 1999, Number: 28)
Era: 1990-2004
Section: 
Paragraph Index: 106

2. The Governing Board shall take into account possibilities for co-operation within a broader framework. Chapter VIII RELATIONS WITH PRODUCER COUNTRIES AND WITH OTHER CONSUMER COUNTRIES Article 44 The Participating Countries will endeavour to promote co-operative relations with oil producing countries and with other oil consuming countries, including developing countries. They will keep under review developments in the energy field with a view to identifying opportunities for and promoting a purposeful dialogue, as well as other forms of co-operation, with producer countries and with other consumer countries. Article 45 To achieve the objectives set out in Article 44, the Participating Countries will give full consideration to the needs and interests of other oil consuming countries, particularly those of the developing countries. Article 46 The Participating Countries will, in the context of the Program, exchange views on their relations with oil producing countries. To this end, the Participating Countries should inform each other of co-operative action on their part with producer countries which is relevant to the objectives of the Program. Article 47 The Participating Countries will, in the context of the Program — seek, in the light of their continuous review of developments in the international energy situation and its effect on the world economy, opportunities and means of encouraging stable international trade in oil and of promoting secure oil supplies on reasonable and equitable terms for each Participating Country; 1999/28. szám — consider, in the light of work going on in other international organisations, other possible fields of co-operation including the prospects for co-operation in accelerated industrialisation and socio-economic development in the principal producing areas and the implications of this for international trade and investment; — keep under review the prospects for co-operation with oil producing countries on energy questions of mutual interest, such as conservation of energy, the development of alternative sources, and research and development. Article 48

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