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At first, OPEC comprised Iraq, Saudi Arabia, Kuwait, Iran, and Venezuela only. Mr. Kubba became Iraq's first delegate to OPEC and represented Iraq numerous times between 1960 and 1966. After 1960, he attended OPEC meetings in Switzerland (OPEC HQ between 1961 and 1965) [ 3 ] and Vienna (OPEC HQ 1965–present) [ 4 ] while representing Iraq.
OPEC and the international oil industry: a changing structure, 1980; The world oil price collapse of 1986: causes and implications for the future of OPEC, 1986 'OPEC and the Present Structural Limitations on its Oil Price Control', OPEC Review (Paris), Summer 1988; OPEC at the crossroads, 1989; The Gulf War and the emerging oil situation in the ...
Iraq has remained a member of OPEC since the organization's founding, but Iraqi production was not a part of OPEC quota agreements from 1998 to 2016, due to the country's daunting political difficulties. [99] [100] Lower demand triggered by the 1997–1998 Asian financial crisis saw the price of oil fall back to 1986 levels.
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]
Ahmed Zaki Yamani (Arabic: أحمد زكي يماني; 30 June 1930 – 23 February 2021) was a Saudi Arabian politician who served as Minister of Petroleum and Mineral Resources under four Saudi monarchs from 1962 to 1986, and a minister in the Organization of the Petroleum Exporting Countries (OPEC) for 25 years.
Born in Baghdad on 1 July 1941 and son of the prominent Iraqi figure Mohammed Ridha Al-Shabibi, Dr. Al-Shabibi held a BSc in Economics from Baghdad University (1966), a Diploma in Advanced Studies in Economic Development, an MA in Economics from the University of Manchester (1970, 1971), and a PhD in Economics from the University of Bristol (1975).
Iraq also looked to increase arms production so as to become an exporter, although the success of these projects was also restrained by Iraq's obligations; in Iraq, resentment to OPEC's controls mounted. [55] Iraq's relations with its Arab neighbors, particularly Egypt, were degraded by mounting violence in Iraq against expatriate groups, who ...
After the latter's death in 1966, he was succeeded by his brother, Abdul Rahman Arif. [48] Under his rule, Iraq participated in the Six Day War in 1967. [48] Saddam Hussein, president of Iraq (1979–2003) Arif was overthrown in the 17 July Revolution in 1968. [49] The Ba'ath Party came to power, with Ahmed Hassan al-Bakr as the president of ...