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 ?
Of the four candidates, only Saudi Arabia's man is not a former petroleum minister, a position OPEC secretary-generals have traditionally held at some point.
We tried to push but not that much" on compliance with targets, Opec Secretary-General Abdullah Al-Badri told a news conference.
His ministry later said OPEC Secretary-General Abdullah al-Badri of Libya had given preliminary agreement to the idea when he and Shmatko met.
QUITO: Opec Secretary-General Abdullah Al Badri yesterday maintained the group's stance that it can do nothing to lower oil prices in a "crazy" market despite the impact on the poor and consumer pressure for output hikes.
The Energy and Mines Minister since July 2002, when he succeeded Alvaro Silva Calderon as the latter became OPEC Secretary-General to replace Ali Rodriguez, Ramirez until then was head of the national gas regulatory body Enegas.
He has also been Iran's candidate for the post of OPEC secretary-general, a key function for which Venezuelan Energy Minister Ali Rodriguez was chosen on Nov.
They have chosen Ali Rodriguez, Venezuela's energy and mines minister and current OPEC President, as OPEC secretary-general to succeed Rilwanu Lukman of Nigeria from Jan.
Fresh remarks by OPEC Secretary-General Abdalla El-Badri cast its shadows on the markets.
Saudi Arabia's firm decision to retreat its candidacy for the post of OPEC Secretary-General has not yet been announced, but it seems that Iran and Iraq are stronger candidates for the post than Saudi Arabia," Iranian Oil Minister Rostam Qassemi said last month.
Summary: DUBAI -- Gulf OPEC producers that raised oil output to compensate for the shutdown of Libyan oilfields will certainly reduce production as Libya's output recovers, OPEC Secretary-General Abdullah Al Badri said on Monday.
Unfortunately we are unable to reach a consensus this time to reduce or raise our production," Opec secretary-general Abdullah El Badri said after the meeting.
An ex-oil minister, diplomat and former OPEC secretary-general, Lukman now is the most powerful man in the petroleum sector next to President Yar'Adua.