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 ?
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.
Many ministers were tied up with other commitments, and even the secretary-general of OPEC, Mohammed Barkindo, whose name was among the proposed speakers, was unable to attend because he was at another function in his home country Nigeria.
Opening with a keynote presentation from Sultan Al Jaber, the group chief executive officer of Abu Dhabi National Oil Company (Adnoc), the ceremony continued with speeches from Suhail Al Mazroui, UAE Minister of Energy, and Mohammad Barkindo, secretary-general of Opec.
Meanwhile, the Qatari Minister said that his meeting today with Algerian Minister of Energy Noureddine Boutarfa and Secretary-General of OPEC Mohammad Sanusi Barkindo addressed coordinating positions over the status of the oil market, preparations for this month's unofficial OPEC meeting in Algeria.
He was secretary-general of Opec from 1995 to 2000 and senior adviser on petroleum and energy to Nigeria's former president, Olusegun Obasanjo, until November 2003.