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Change in per capita GDP of Angola, 1950–2018. Figures are inflation-adjusted to 2011 International dollars. The economy of Angola remains heavily influenced by the effects of four decades of conflict in the last part of the 20th century, the war for independence from Portugal (1961–75) and the subsequent civil war (1975–2002).
Subsequent reports from 2022 indicate that OPEC member countries were then responsible for about 38% of total world crude oil production. [3] It is also estimated that these countries hold 79.5% of the globe's proven oil reserves, with the Middle East alone accounting for 67.2% of OPEC's reserves. [184] [185]
At the 6th Ministerial Meeting of the GECF in Doha, it was decided to create a working group under the leadership of the Ministry of Industry and Energy of Russia to coordinate actions to form a full-fledged organization. This step was perceived as the inevitability of creating a gas analogue of OPEC. As a result, the agreement on the ...
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Oil prices fell on Friday, with U.S. crude dropping more than 4%, on fresh trade tensions and record high U.S. crude production, but they still ended the month higher as OPEC watchers expect an ...
List of OPEC secretaries general No. Name Country Tenure 1: Fuad Rouhani [A] Iran [B] 21 Jan 1961 – 30 Apr 1964 2: Abdul Rahman al-Bazzaz [A] Iraq [B] 1 May 1964 – 30 Apr 1965 3: Ashraf T. Lutfi Kuwait [B] 1 May 1965 – 31 Dec 1966 4: Mohammad Saleh Joukhdar Saudi Arabia [B] 1 Jan 1967 – 31 Dec 1967 5: Francisco R. Parra Venezuela [B]
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March 12: OPEC announces production cut to 22.3 Mbbl/d (3,550,000 m 3 /d). [citation needed] March 13: API reports a 6 Mbbl (950,000 m 3) weekly domestic crude inventory draw; Saudi Arabia and Iran say OPEC production cuts will take effect April 1. [citation needed] March 19: Gorbachev says the Soviet Union will cut its oil exports by nearly half.