The prime objectives of the Department are :
To provide pertinent and reliable information and analyses in support of decision-making and policy-making in Member Countries.
To carry out, on a continuous basis, research programmes and studies on short-term petroleum market developments with the aim of issuing reports on a regular (i.
e. daily, weekly, monthly and bi-monthly) as well as ad hoc basis highlighting important issues for their use and consideration.
To conduct regular forecasts, elaborate and analyze oil market scenarios and prepare and publish reports on these findings.
To promote OPEC views and technical analysis on short-term oil market developments to the industry at large and general public via the OPEC Monthly Oil Market Report (especially the feature article) as well as other reports, presentations and related pod casts.
To prepare and contribute to reports to be submitted to the ECB, the BOG and the MMSC as well as papers for various OPEC publications.
Objective of Position
To monitor and analyse the short-term impact of financial market developments, in particular commodity markets on petroleum markets as well as the performance of major oil companies, including national oil companies; and
To carry out special studies on pertinent issues.
Studies financial markets, in particular commodity markets as well as covering developments in currency, equity, bonds, interest rate markets.
Analyses the impact of financial market developments on short-term developments in the petroleum market.
Studies developments in world financial instruments, finance institutions and related issues.
Carries out analyses of the short-term financial performance of major oil companies, including National Companies and evaluates the short-term impact on the oil industry.
Consolidates findings of the above analyses and prepares and issues reports thereon.
Carries out any other tasks assigned by the relevant superiors as pertain to his / her background, qualifications and position.
Required Competencies and Qualifications
University Degree in Economics, Finance, and / or Business Administration
Advanced Degree preferred
Work Experience :
University Degree : 8 years, preferably relating to the oil sector
Advanced Degree : 6 years.
Training Specializations :
Financial analysis including tools
Oil project feasibility studies
Joint venture project assessments
Stock exchanges and oil paper markets (NYMEX, IPE, etc.)
Economic / financial analysis concepts (NPV / Cash Flow)
Internet access to all international oil markets as well as financial markets.
Competencies : Communication skills
Customer service orientation
Initiative and integrity.
Language : English.
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, Petroleum Studies Department. The compensation package, including expatriate benefits, is commensurate with the level of the post.