Opec
Opec
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Concept of Opec
An introductory definition of Opec is provided here: Organization of Petroleum Exporting Companies: cartel of oil producers formed to control the price and supply of oil on world markets
Definition of OPEC
Within the context of international organizations, the following is a brief meaning of opec: The Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental organization of twelve oil-producing countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela
OPEC has twelve member countries: six in the Middle East, four in Africa, and two in South America. Every member of OPEC is a net exporter of Oil
Indonesia withdrew in 2008 after it became a net importer of oil, but stated it would likely return if it became a net exporter again
Ecuador joined the organisation in 1973 and left it in 1991, while Gabon, which joined the group in 1975, dissociated with it in 1995
OPEC was formed by Iran, Iraq, Saudi Arabia, Kuwait and Venezuela in Baghdad in 1960. The organisation controls nearly 40 per cent of the international crude oil trade.
OPEC
The Organization of Petroleum Exporting Countries, abbreviated as OPEC, is a global organisation devoted to ensuring stability and shared control of the petroleum markets. OPEC was established in September 1960 and formally constituted in January 1961. The headquarters, originally in Geneva, were moved to Vienna in 1965
OPEC members are: Algeria (DZ), Angola, Ecuador, Iran (IR), Iraq (IQ), Kuwait (KW), Libya (LY), Nigeria (NG), Qatar (QA), Saudi Arabia (SA), the United Arab Emirates (AE), and Venezuela (VE).
OPEC
Embracing mainstream international law, this section on opec explores the context, history and effect of the area of the law covered here.
Resources
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Including similar content viewed by others, in case you missed it:
International Organization
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Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and newsletters valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
Resources
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Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and newsletters valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
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Further Reading
The entry "opec" in the Parry and Grant Encyclopaedic Dictionary of International Law (currently, the Encyclopaedic Dictionary of International Law, 2009), Oxford University Press
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Further Information
Organization of the Petroleum Exporting Countries
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Including similar content viewed by others, in case you missed it:World Trade Organization
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Professional Content and Learning Tools
Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and newsletters valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
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Including similar content viewed by others, in case you missed it:
International Organization
Hierarchical Display of OPEC
International Organisations > World organisations > World organisation
Geography > Economic geography > OPEC countries
OPEC
Concept of OPEC
See the dictionary definition of OPEC.
Characteristics of OPEC
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Professional Content and Learning Tools
Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and newsletters valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
Translation of OPEC
Thesaurus of OPEC
International Organisations > World organisations > World organisation > OPEC
Geography > Economic geography > OPEC countries > OPEC
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Including similar content viewed by others, in case you missed it:
Organisation of Petroleum Exporting Countries
Organization of Petroleum Exporting Countries