Dofollow Blog Write Definition about OPEC OPEC (Organization of the Petroleum Exporting Countries) is an organization / set-exporting countries comprising petroleum-producing countries oil. OPEC is a permanent intergovernmental organization established through the Baghdad Conference on the 10-14 September 1960 by five countries with huge oil resources, namely Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. A year later began appearing other countries who want to join OPEC. They have 9 countries. The first begins Qatar who joined in 1961, followed by Indonesia in 1962 (but Indonesia suspended its membership from January 2009 to present), Libya, 1962, United Arab Emirates in 1967, Algeria in 1969, Nigeria in 1971, Ecuador in 1973 (Ecuador suspended its membership from December 1992 until October 2007), Angola 2007, and Gabon from 1975 to 1994. OPEC's objective is to coordinate and unify petroleum policies among member countries and ensure the stabilization of oil markets in order to secure the supply of efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital to those investing in petroleum industry. In the first five years of its existence, OPEC has its headquarters in Geneva, Switzerland. Then on 11 September 1965 moved to Vienna, Austria until now. OPEC has an important role in maintaining the stability of the world economy since its founding in 1960 until now. You Might Like This articles : 1. Dofollow Blog Write Definition about Prehistoric 2. Dofollow Blog on Definition about Camouflage 3. Dofollow Blog on Definition about Economics
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