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File:Flag of OPEC.svg. Size of this PNG preview of this SVG file: 500 × 300 pixels. Other resolutions: 320 × 192 pixels | 640 × 384 pixels | 1,024 × 614 pixels | 1,280 × 768 pixels | 2,560 × 1,536 pixels. Original file (SVG file, nominally 500 × 300 pixels, file size: 1 KB) This is a file from the Wikimedia Commons.
January 1961 (63 years ago) (January 1961) Website. opec.org. The Organization of the Petroleum Exporting Countries (OPEC, / ˈoʊpɛk / OH-pek) is a cartel enabling the co-operation of leading oil-producing and oil-dependent countries in order to collectively influence the global oil market and maximize profit.
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List of OPEC secretaries general No. Name Country Tenure 1: Fuad Rouhani [A] Iran [B] 21 Jan 1961 – 30 Apr 1964 2: Abdul Rahman al-Bazzaz [A] Iraq [B] 1 May 1964 – 30 Apr 1965 3: Ashraf T. Lutfi Kuwait [B] 1 May 1965 – 31 Dec 1966 4: Mohammad Saleh Joukhdar Saudi Arabia [B] 1 Jan 1967 – 31 Dec 1967 5: Francisco R. Parra Venezuela [B]
Saudi Arabia and allied oil producing countries said on Sunday they would postpone a plan to gradually increase oil output until the end of the year, extending their output cuts by one month. In ...
OPEC then reduced production in 2016 to raise prices, further worsening relations with the United States. [ 14 ] By 2012, only 7% of the world's known oil reserves were in countries that allowed private international companies free rein; 65% were in the hands of state-owned companies that operated in one country and sold oil to multinationals ...
In October 1973, the Organization of Arab Petroleum Exporting Countries (OAPEC) announced that it was implementing a total oil embargo against countries that had supported Israel at any point during the 1973 Yom Kippur War, which began after Egypt and Syria launched a large-scale surprise attack in an ultimately unsuccessful attempt to recover the territories that they had lost to Israel ...
opecfund.org. The OPEC Fund for International Development (OPEC Fund) is an intergovernmental development finance institution established in 1976 by the member states of the Organization of the Petroleum Exporting Countries (OPEC). The OPEC Fund was conceived at the Conference of the Sovereigns and Heads of State of OPEC Member Countries, which ...