MANAGEMENT OF NORM IN THE PETROLEUM INDUSTRY Akpojevwa Tega Naomi, october 2016 | Page 61

4.2.2 The International Atomic Energy Agency (IAEA) The IAEA is an independent, intergovernmental, science- and technology-based organization that serves as the global focal point for nuclear cooperation. It was set up as the world’s “Atoms for Peace” organization in 1957 within the United Nations family. The IAEA works with its Member States and multiple partners worldwide to promote safe, secure and peaceful nuclear technologies. The IAEA Statute, the original version of which was approved by 81 nations in 1956, outlines the three pillars of the IAEA’s work:  Safeguards and Verification: The IAEA is the world’s nuclear inspectorate, with more than four decades of verification experience. Inspectors work to verify that safeguarded nuclear material and activities are not used for military purposes.  Safety and Security: The IAEA helps countries to upgrade nuclear safety and security, and to prepare for and respond to emergencies.  Science and Technology: The IAEA helps countries mobilize peaceful applications of nuclear science and technology. (IAEA’s website http://www.iaea.org.) The oil and gas industry is a global industry that operates in many Member States of the IAEA. There are several facets to the industry including:  The construction sector responsible for manufacturing and fabricating facilities and equipment; 50