Resource title

Organization of Petroleum Exporting Countries (OPEC)

Resource image

image for OpenScout resource :: Organization of Petroleum Exporting Countries (OPEC)

Resource description

The Organization of Petroleum Exporting Countries (OPEC) was established on September 14, 1960, at a conference in Baghdad, Iraq. The aims of the new organization were to prevent fluctuations in the price of oil, to raise the price of oil to its pre-1960 level, to make the multinational oil companies more accountable when determining the price they pay for oil, to ensure a steady income from oil for OPEC members and a steady supply of oil for their customers, and to remain steadfast and united should oil companies seek to sanction individual OPEC countries for any role they might play in implementing OPEC policies.

Resource author

Resource publisher

Resource publish date

Resource language

en

Resource content type

text/html

Resource resource URL

http://www.referenceforbusiness.com/encyclopedia/Oli-Per/Organization-of-Petroleum-Exporting-Countries-OPEC.html

Resource license

Copyright © 2011 Advameg, Inc.