OPEC: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Expand definition. Source: OPEC webpage https://www.opec.org/opec_web/en/about_us/24.htm#:~:text=The%20Organization%20of%20the%20Petroleum,Kuwait%2C%20Saudi%20Arabia%20and%20Venezuela.) |
imported>Doug Williamson (Add link.) |
||
| Line 20: | Line 20: | ||
*[[GCC]] | *[[GCC]] | ||
*[[International law]] | *[[International law]] | ||
*[[OPEC+]] | |||
*[[Peak oil]] | *[[Peak oil]] | ||
*[[State immunity]] | *[[State immunity]] | ||
Latest revision as of 10:45, 2 December 2021
The Organization of the Petroleum Exporting Countries established in 1960.
- "Fair and stable" prices
- "OPEC's objective is to co-ordinate and unify petroleum policies among Member Countries, in order to secure fair and stable prices for petroleum producers; an efficient, economic and regular supply of petroleum to consuming nations; and a fair return on capital to those investing in the industry."
- OPEC.
OPEC's current members are Algeria, Angola, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, the Republic of the Congo, Saudi Arabia, the United Arab Emirates and Venezuela.
Although OPEC is a cartel, its members are protected by the doctrine of state immunity under international law.
