OPEC was founded in 1960 to unify and coordinate the policies of oil-producing countries to ensure stable oil prices and a steady income for member countries. The founding members, Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela, sought to reduce the influence of foreign oil companies and regain control over their resources. OPEC's mission was also to provide a forum for member countries to discuss and address common oil-related issues.
Organization of the Petroleum Exporting Countries (OPEC) Organization: Founded at Baghdad Conference, September 10-14, 1960. By. Univonline.
OPEC stands for the Organization of Petroleum Exporting Countries - a sort of coalition of nations that all consistently export oil. OPEC was founded at a meeting on September 14, 1960 in Baghdad, Iraq by five founding members: Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. Since then Qatar (1961), Indonesia (1962), Socialist People's Libyan Arab Jamahiriya (1962), United Arab Emirates (1967), Algeria (1969), and Nigeria (1971) have joined the organization.
It sounds like you are referring to OPEC (the Organization of Petroleum Exporting Countries). Note that not all members of OPEC are in the Middle East. The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing of an agreement in September 1960 by five countries namely Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. They were to become the Founder Members of the Organization. These countries were later joined by Qatar (1961), Indonesia (1962), Libya (1962), the United Arab Emirates (1967), Algeria (1969), Nigeria (1971), Ecuador (1973), Gabon (1975) and Angola (2007). From December 1992 until October 2007, Ecuador suspended its membership. Gabon terminated its membership in 1995. Indonesia suspended its membership effective January 2009. Currently, the Organization has a total of 12 Member Countries.
The petroleum marketer DeWitt Petroleum was first founded in 1945. It is a family owned business, and a founding member of Commercial Fuelling Network (CFN).
There are 192 countries that make up the United Nations. The organization was founded in 1945, and is headquartered in New York.
1974
help member countries be more competitve in world markets
help member countries be more competitve in world markets
The weather underground organization was founded in the year of 1969.
ponca city, Oklahoma
The non-profit volunteer organization the Northlands was founded in Canada in 1879. It is headquarterd in Edmondton, but was founded before the city was officially founded.
The non-profit volunteer organization the Northlands was founded in Canada in 1879. It is headquarterd in Edmondton, but was founded before the city was officially founded.