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As OPEC members grew weary of a multi-year supply-contest with diminishing returns and shrinking financial reserves, the organization finally attempted its first production cut since 2008. Despite many political obstacles, a September 2016 decision to trim approximately 1 million barrels per day was codified by a new quota-agreement at the ...
Asia-Pacific Economic Cooperation (APEC) is a forum for 21 Pacific Rim member economies that promotes free trade throughout the Asia-Pacific region; APJ: Asia Pacific and Japan [3] APMA: Asia Pacific, Middle East and Africa; APSG: Asia Pacific and Singapore; Arab League: a regional organization of Arab countries
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]
The first thought that comes to mind with OPEC is oil. This collection of countries is responsible for over 40% of all oil production around the world. For many of these countries, oil is far and ...
Country Regional organisations Afghanistan ACD, SAARC, ECO Albania OSCE, NATO, Council of Europe, BSEC, SEECP, CEFTA Algeria African Union, Arab League, OPEC Andorra ...
For a more complete listing, see the Yearbook of International Organizations, [1] which includes 25,000 international non-governmental organizations (INGOs), excluding for-profit enterprises, about 5,000 IGOs, and lists dormant and dead organizations as well as those in operation (figures as of the 400th edition, 2012/13). A 2020 academic ...
No. of members Headquarters World Trade Organization: 164 Geneva, Switzerland European Union: 27 Brussels, Belgium Organisation of Petroleum exporting countries (OPEC) 14 Vienna, Austria South Asian Association for Regional Co-operation (SAARC) 8 Kathmandu, Nepal Association of South East Asian Nations (ASEAN) 10 Jakarta, Indonesia
Approximately 72% of world oil production came from the top ten countries, and an overlapping 35% came from the twelve OPEC members. Members of OPEC+ , which includes OPEC members produce about 60% of the world's petroleum. supply and demand In addition to being top 5 in oil production, the United States and Russia are also top 5 in oil exports ...