Position Papers are due on February 5th to be considered for the Best Position Paper Award, and February 12th to be considered for any committee award. Submit them to OPEC@bmun.org.
Organization of Petroleum Exporting Countries (OPEC)
Head Chair | Sachit Shroff
Vice-Chairs | Julia Geer, Vikas Sharma
Topic 1 | 174th OPEC Meeting
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OPEC is an incredibly complex organization, not least because it sits directly at the confluence of politics, economics, and environmental policy. As the name suggests, this topic will focus on the proceedings of the 174th meeting of the OPEC Conference, the body within OPEC that has the power to make agreements and set rules. These meetings happen at least twice a year, and cover a variety of issues. We, however, are going to focus on just a few points, specifically creating a new long term plan of expected outputs. OPEC regularly sets quotas for its members to meet, with varying levels of success. But recent shifts in the energy industry have diminished OPEC’s once dominant market share and reduced its effectiveness. As a result, many of OPEC’s member states have suffered from increased economic instability, and OPEC’s reputation as the regulator of global oil prices has begun to tarnish. Delegates will attempt to address these issues by creating a new, flexible long term strategy for OPEC in a negotiation-style setting, addressing both the needs of the individual member or observer states they represent, and OPEC as a whole.
Topic 2 | 2030: Adapting to an Energy Independent World
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In the committee’s second topic, delegates will address the role of OPEC in an increasingly energy independent world, adapting the organization to a fundamentally changed global economy. Set in the future, this topic follows from the first, meaning that the agreement reached in Topic 1 will determine the economic and political state of the nations delegates represent, as well as the level of energy independence the world has achieved by 2030. The goal of this topic is to create meaningful reforms designed to maintain OPEC’s relevance and ability to fulfill its mission to safeguard the individual and collective interests of its member states. These changes should address the reality of energy independence and new policies on climate change, meaning delegates will have to consider the environmental impact of their decisions, and take into account a reduction in demand for oil. Delegates will focus on creating solutions that will reform OPEC as an organization, possibly altering the core tenets of its statute in the face of a world vastly different from that in which OPEC was founded.