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  OPEC


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Established September 14, 1960
Disbanded Still Active
Contributorkal
Last ModifiedRP January 27, 2012 12:56pm
DescriptionThe Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960.

OPEC’s mission is to coordinate & unify the petroleum policies of Member Countries & ensure the stabilization of oil prices in order to secure an efficient, economic & regular supply of petroleum to consumers, a steady income to producers & a fair return on capital to those investing in the petroleum industry.

The eleven countries that comprise OPEC are:
Algeria
Indonesia
Iran
Iraq
Kuwait
Libya
Nigeria
Qatar
Saudi Arabia
UAE
Venezuala


Flag Description:
The flag for the Organization of the Petroleum Exporting Countries, or OPEC, consists of a white OPEC logo on a light blue field. The white emblem is formed from the stylized letters "OPEC"

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Date Category Headline Article Contributor
Jul 11, 2008 04:00pm General OPEC warns against military conflict with Iran  Article kal 
Feb 26, 2008 04:00pm General Greenspan tells Gulf to drop dollar  Article kal 

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