OPEC

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OPEC:

see Organization of Petroleum Exporting CountriesOrganization of Petroleum Exporting Countries
(OPEC), multinational organization (est. 1960, formally constituted 1961) that coordinates petroleum policies and economic aid among oil-producing nations.
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OPEC

cartel of nations whose economic livelihood depends upon the export of petroleum. [World Hist.: WB, 14: 646]

OPEC

Organization of Petroleum-Exporting Countries: an organization formed in 1961 to administer a common policy for the sale of petroleum. Its members are Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. Ecuador and Gabon were members but withdrew in 1992 and 1995 respectively
www.opec.org
References in periodicals archive ?
C[pounds sterling]There is no benefit for Indonesia to quit Opec,C[yen] says Subroto, a former Indonesia oil minister and secretary-general of Opec from 1988 to 1994.
14, Salim Abdullah of Libya was named substantive secretary-general of OPEC for two years.
Ramzi Salman, former CEO of Iraq's State Oil Marketing Organisation (SOMO) and former deputy secretary-general of OPEC, who advises him on oil.
Current oil prices formed only the context for discussions at the Venice meeting, despite the presence of the Secretary-General of OPEC Rilwanu Lukman, and leaders from several producer countries including Iran, Algeria and Angola.
Opec secretary-general of Opec Abdullah Salem Al Badri said after the meeting in Vienna on June 5 that they would look into the matter.
Petroleum and Mineral Resources Minister Ali Al-Naimi held meetings in Riyadh with the head of the International Energy Agency (IEA) and the Secretary-General of OPEC, SPA reported.