The 1974 Establishing Agreement of APICORP grants APICORP the following privileges in OAPEC countries:
- Rights and privileges of nationality within any OAPEC member country
- Support for APICORP’s personnel in securing entry and residency in all OAPEC member countries
- Exemptions from payment of duties and all public and financial costs within OAPEC member countries
- Protection against appropriation
- Immunity from political risks
- Exemption from any currency controls, including convertibility and transfer restrictions.