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Topic: Organization of Petroleum Exporting Countries

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	Organization of the Petroleum Exporting Countries - Wikipedia, the free encyclopedia
		The Organization of the Petroleum Exporting Countries (OPEC) is made up of Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela; since 1965 its international headquarters are in Vienna, Austria.
		After the Six Day War of 1967, the Arab members of OPEC formed a separate, overlapping group, the Organization of Arab Petroleum Exporting Countries, for the purpose of centering policy and exerting pressure on the West over its support of Israel.
		At that time, OPEC nations — including many who had recently nationalized their oil industries — joined the call for a new international economic order to be initiated by coalitions of primary producers.
	en.wikipedia.org /wiki/Organization_of_Petroleum_Exporting_Countries (1498 words)

	Organization of Arab Petroleum Exporting Countries - Wikipedia, the free encyclopedia
		The Organization of Arab Petroleum Exporting Countries or OAPEC is a multi-governmental organization headquartered in Kuwait which coordinates energy policies in Arab nations, and whose main stated purpose is developmental.
		OAPEC was originally intended to be a conservative Arab political organization which by its restriction in membership to countries whose main export was oil would exclude governments seen as radical, like Egypt and Algeria and by the additional rule that the three founders' approval was necessary for new members also initially kept out Iraq.
		It is now regarded as a regional specialized international organization and focuses on organizing cooperation on oil development, collective projects and regional integration.
	en.wikipedia.org /wiki/Organization_of_Arab_Petroleum_Exporting_Countries (359 words)

	MSN Encarta - Search View - Organization of Petroleum Exporting Countries
		Organization of Petroleum Exporting Countries (OPEC), international organization primarily concerned with coordinating the crude-oil policies of its member states.
		Two countries joined OPEC and later ended their membership in the organization: Ecuador joined in 1973 and left in 1992, and Gabon became a member in 1975 and terminated its membership in 1995.
		The organization's authority is the Conference, made up of high-level representatives of the member governments, which meets at least twice a year.
	encarta.msn.com /text_761563886__1/Organization_of_Petroleum_Exporting_Countries.html (379 words)

	What is OPEC?
		The OPEC Conference of Ministers meets in ordinary session twice a year, and is responsible for the formulation of the general policy of the organisation.
		OPEC consists of eleven oil-producing and exporting countries, from Africa, Asia, the Middle East, and Latin America.
		OPEC Statute, which dates from the earliest days of the organisation: "OPEC's principal aims are the coordination and unification of the petroleum policies of Member Countries and the determination of the best means for safeguarding their interest, individually and collectively.
	www.rediff.com /money/2004/jun/16quiz.htm (1190 words)

	Libya - Organization of Petroleum Exporting Countries and the Organization of Arab Petroleum Exporting Countries (Site not responding. Last check: 2007-11-06)
		Libya - Organization of Petroleum Exporting Countries and the Organization of Arab Petroleum Exporting Countries
		Organization of Petroleum Exporting Countries and the Organization of Arab Petroleum Exporting Countries
		Libya has pursued the same general policies within the Organization of Arab Petroleum Exporting Countries (OAPEC), of which it is a founding member.
	www.country-data.com /cgi-bin/query/r-8243.html (207 words)

	Organization of Petroleum-Exporting Countries
		OPEC members are: Algeria, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.
		OPEC's secretary general is Rilwanu Lukman of Nigeria.
		OPEC also aimed to improve the position of developing countries by forcing Western states to open their markets to the resultant products.
	www.tiscali.co.uk /reference/encyclopaedia/hutchinson/m0006088.html (444 words)

	Organization of the Petroleum Exporting Countries, OPEC
		OPEC is concerned that some countries may impose environmental and taxation policies that are harmful to those who rely on fossil fuels for a substantial part of their income.
		OPEC is also spending heavily to improve its environmental impact, by locating sources of higher quality oil and gas, by developing cleaner fuels for consumers, and by reducing the impact of its activities through safer, cleaner drilling, transportation and refining processes.
		OPEC also participates in many international meetings in order to remind governments and others who are debating environmental policies that they must consider the needs of developing countries, especially those that rely on their income from oil.
	www.eppo.go.th /inter/opec/OPEC-about.html (3427 words)

	OPEC Brief
		The Organization of Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, in September 1960, to unify and coordinate members' petroleum policies.
		OPEC calculated that on June 15 (the last day that the old reference basket was calcuated), the new basket would have averaged $50.03 barrel, over $2 per barrel less than the old basket price of $52.26 per barrel.
		OPEC authorized an additional 500,000 barrels per day increase in its quotas "should oil prices remain at current levels or continue to rise further." OPEC also decided to replace its previous OPEC reference basket of seven crude oils with a new one consisting of eleven crude streams, effective June 16.
	www.eia.doe.gov /emeu/cabs/opec.html (1820 words)

	Organization of Petroleum Exporting Countries - OPEC
		Organization of Petroleum Exporting Countries (OPEC) is an Organization of eleven oil producing and exporting countries, from Africa (Algeria, Libya and Nigeria); Asia (Indonesia); the Middle East (the Islamic Republic of Iran, Iraq, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates); and Latin America (Venezuela).
		The organization of the petroleum exporting countries is a permanent, intergovernmental Organization, created at the Baghdad Conference of September 10-14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.
		The Organization of Arab Petroleum Exporting Countries (OAPEC) was established in 1968 with the
	www.arab.de /arabinfo/opec.htm (267 words)

	New-To-Export - Organization of Petroleum Exporting Countries
		The NEA, with headquarters in Paris, is a companion organization to the lEA and an element of OECD.
		The Organization aims to further African unity and solidarity, to coordinate political, economic, cultural, scientific, and defense policies; and to eliminate colonialism in Africa.
		The chief purpose of OPEC is to coordinate the petroleum policies of its members: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.
	www.itintl.com /articles/Import_Export_Definitions_17.php (1387 words)

	Organization of Petroleum Exporting Countries - dKosopedia
		OPEC comprises countries that have organized for the purpose of negotiating with oil companies on matters of petroleum production, prices, and future concession rights.
		The OPEC headquarters is situated in Vienna, Austria.
		A good example of this influence is the 1973 energy crisis, in which OPEC refused to ship oil to western countries who had supported Israel in its conflict with Egypt, the Yom Kippur War.
	www.dkosopedia.com /index.php/OPEC (605 words)

	Organization of Petroleum Exporting Countries -- Britannica Student Encyclopedia
		OPEC (Organization of Petroleum Exporting Countries) Few citizens of the industrialized nations had ever heard of the Organization of Petroleum Exporting Countries (OPEC) until 1973, when it imposed an oil embargo on the United States and raised the price of crude oil by 70 percent.
		multinational organization that was established to coordinate the petroleum policies of its members and to provide member states with technical and economic aid.
		Provides an overview of the economy, petroleum industry, and exploration blocks including their laws and legislation, and also furnishes profile of the country, its political setup, and external relationship.
	www.britannica.com /ebi/article-9276213 (799 words)

	CRS Report: RS20501 - Organization of Petroleum Exporting Countries (OPEC) and Other Oil Producing Nations: U.S. Aid, ...
		Several OPEC and other oil producing nations receive assistance or purchase military equipment from the United States, and would be the most affected by sanctions proposed in the legislation.
		The Organization of Petroleum Producing Countries (OPEC) is a voluntary association that coordinates and integrates the petroleum policies of its members.
		OPEC was formed on September 14, 1960 at a meeting in Baghdad, Iraq.
	www.cnie.org /NLE/CRSreports/international/inter-37.cfm?&CFID=18247191&CFTOKEN=99507413 (864 words)

	Organization of the Petroleum Exporting Countries
		OPEC’s mission is to coordinate and unify the petroleum policies of Member Countries and ensure the stabilization of oil prices in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital to those investing in the petroleum industry.
		OPEC Member Countries have embarked upon substantial investments, both upstream and downstream, to ensure that the world economy benefits from regular and secure oil supplies.
		OPEC countries have made significant contributions to their crude reserves in recent years by adopting best practices in the industry.
	www.opec.org (384 words)

	AllRefer.com - Organization of Petroleum Exporting Countries (International Organizations) - Encyclopedia
		Saudi Arabia has traditionally dominated the organization, owing to its enormous oil reserves; the organization's members produce about 40% of the world's crude oil.
		In 1973, as a result of the Arab oil embargo against Western nations who supported Israel during the Yom Kippur War (see Arab-Israeli Wars), OPEC was able to raise oil prices tremendously; the price hike caused inflation in oil-importing nations.
		However, as importing countries pursued alternate energy resources, OPEC was forced to lower prices by 1982.
	reference.allrefer.com /encyclopedia/O/OrgPEC.html (399 words)

	OPEC \| Organization of Petroleum Exporting Countries \| Oil Market \| Questia.com Online Library
		4: "The Organization of Petroleum Exporting Countries," Chap.
		Organization of Petroleum Exporting Countries OPEC because of its impact on the international...
		Organization of Petroleum Exporting Countries OPEC, especially the Middle Eastern oil...three-quarters of world reserves are held by OPEC members.
	www.questia.com /library/economics-and-business/economics/international-trade/opec.jsp (898 words)

	Organization of Arab Petroleum Exporting Countries -- Encyclopædia Britannica
		Petroleum revenues continued to fuel Iran's economy in the 1970s, and in 1973 Iran concluded a new 20-year oil agreement with the consortium of Western firms led by British Petroleum.
		The aims of the states, as set forth in the charter, are “to achieve an order of peace and justice, to promote their solidarity, to strengthen their collaboration, and to defend their sovereignty, their territorial integrity, and...
		The word petroleum comes from the Latin petra, meaning “rock,” and oleum, meaning “oil.” Used in a broad sense, petroleum also refers to natural gas and solid...
	www.britannica.com /eb/article-9008147 (914 words)

	OPEC - SourceWatch
		OPEC (http://www.opec.org/), the Organization of Petroleum Exporting Countries, is "an international Organization of eleven developing countries which are heavily reliant on oil revenues as their main source of income.
		The heart of OPEC is the Conference, which comprises national delegations, usually at the level of oil minister.
		Organization of Petroleum Exporting Countries (OPEC) and Organization of Arab Petroleum Exporting Countries (OAPEC) (http://www.arab.de/arabinfo/opec.htm).
	www.sourcewatch.org /index.php?title=OPEC (1610 words)

	USATODAY.com - Crude futures hit $57 on supply fears (Site not responding. Last check: 2007-11-06)
		In a monthly report released Thursday, the Organization of Petroleum Exporting Countries warned that economic growth in the United States, China and Japan would push demand for its oil even higher in the second half of this year.
		OPEC members meeting in Iran on Wednesday agreed to boost the group's output quota by 500,000 barrels a day, or 1.9%.
		OPEC President Sheik Ahmed Fahd Al Ahmed Al Sabah also said the additional barrels may not come until May because members are already supplying more than planned.
	www.usatoday.com /money/industries/energy/2005-03-17-oil-prices_x.htm?POE=MONISVA (853 words)

	OPEC Leaves Output Unchanged, and Prices Climb - New York Times
		OPEC's signal was the strongest in recent months that it did not intend to let oil prices fall, and that was all the encouragement oil markets needed to push up oil prices again on Monday.
		Members of the Organization of the Petroleum Exporting Countries decided to meet again on Jan. 31, two months ahead of a previously scheduled meeting, to consider cuts in output in the spring, when demand typically falls after the winter surge.
		But privately, OPEC delegates here said they were confident that demand would be high next year and discounted the risk of a slowdown in the second quarter.
	www.nytimes.com /2005/12/13/business/worldbusiness/13opec.html?ex=1292130000&en=43e3201669c806a3&ei=5090&partner=rssuserland&emc=rss (1032 words)

	[No title]
		OPEC must establish new quotas in the event that it happens within the next 12 months to prevent a world oil glut and a price collapse.
		Before OPEC was founded in 1960, the system of petroleum production and distribution was controlled by large oil companies in Europe and the United States.
		As for the OPEC simulation, the plans detailed in these OPERATIVE CLAUSES should include a date or timetable for execution of the resolution, provisions for monitoring whatever is being asked of the OPEC members, and special conditions that are being laid out as part of this agreement.
	gc2000.rutgers.edu /GC2000/MODULES/COLONIAL/Opec-sim.doc (1968 words)

	ORGANIZATION FOR PETROLEUM EXPORTING COUNTRIES (Site not responding. Last check: 2007-11-06)
		It is scary to think that a country the size of Venezuela or Saudi Arabia could potentially destroy the economy of the United States or Canada.
		Oil is absolutely necessary for all countries, with a population that depends on cars, trucks, buses, trains, boats and planes -- all forms of transportation that use hydrocarbon fuels.
		It just so happens that many of the OPEC countries are totalitarian or authoritarian states, some of which have leaders who are not likely to care if we cannot get oil.
	dragon.zoo.utoronto.ca /~x19911/opec.htm (280 words)

	Search: OPEC - FOX News (Site not responding. Last check: 2007-11-06)
		OPEC (the Organization of Petroleum Exporting Countries) was formed in response to...
		OPEC Fund for International Development (the Fund) is an intergovernmental development finance institution established in 1976 by the member states of the Organization of the Petroleum...
		OPEC (http://www.opec.org/), the Organization of Petroleum Exporting Countries, is "an international Organization of eleven developing countries which are heavily reliant...
	search.foxnews.com /_1_SEBT1R03HZ7DPT__info.foxnws/dog/results?otmpl=dog/webresults.htm&qkw=OPEC&qcat=web&top=1&start=&ver=1170&nextPageNum=&fastSearch= (935 words)

	Oil Prices Hover Around $55 a Barrel \| American International Automobile Dealers \| (Site not responding. Last check: 2007-11-06)
		In the U.S. government's latest petroleum supply report, inventories of crude oil rose, as expected, while supplies of gasoline and distillate fuel, which includes heating oil, declined.
		OPEC oil ministers have signaled they will not raise output - a stance that analysts said was not surprising considering the organization already is producing over its quota.
		Because crude is sold worldwide in U.S. dollars, and because the currency has lost 8 percent of its value against the euro in the last four months, OPEC nations have signaled support for higher oil prices as a hedge to maintain their buying power in Europe.
	www.aiada.org /article.asp?id=34828&cat=Economy (596 words)

	NEW COHESION IN OPEC'S CARTEL?: PRICING AND POLITICS
		After much wrangling within OPEC and between differing groups of the Iranian delegation, the Iranians insisted their cuts had to be based on the 3.9 million bpd baseline.
		As compared to Iran's schizophrenic policy at the March 1998 OPEC meetings--where moderates supported cuts on the 3.6 million bpd baseline, while conservatives argued for 3.9 million bpd--the recent cuts were negotiated under the authority of Khatami.
		OPEC behavior must remain unified for at least all of 1999 to get over this hump, but even at 50 percent compliance this would be achieved.
	www.biu.ac.il /soc/besa/meria/journal/1999/issue2/jv3n2a2.html (2740 words)

	Organization of Petroleum Exporting Countries
		Organization of Petroleum Exporting Countries (OPEC), multinational organization (est.
		OPEC - OPEC: see Organization of Petroleum Exporting Countries.
		Fairness measures and importance weights for allocating quotas to OPEC member countries.
	www.infoplease.com /ce6/history/A0836844.html (372 words)

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