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OPEC Conference delegates at Swissotel, Quito, Ecuador, December 2010. The OPEC Conference is the supreme authority of the organisation, and consists of delegations normally headed by the oil ministers of member countries. The chief executive of the organisation is the OPEC secretary general. The conference ordinarily meets at the Vienna ...
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]
OPEC, the Organization of the Petroleum Exporting Countries, an organization of thirteen countries accounting for an estimated 42 percent of global oil production and 73 percent of the world's proven oil reserves. (OPEC+: the OPEC countries plus Russia)
It is the world's most famous cartel. OPEC currently controls almost three quarters of the world's crude oil, a commodity that, as of right now, industrialized nations cannot do without. Ever ...
The OPEC Fund's operations are organized into 8 focus areas: [6] Agriculture:Funding has helped boost crop and livestock production, as well as improve rural infrastructure, such as irrigation systems and storage facilities for animal fodder. Support has also been extended to help promote agricultural research.
That means OPEC's market power lately is "less than you would imagine," U.S. Assistant Secretary of State for Energy Resources Geoffrey Pyatt told the Wall Street Journal ahead of the oil group's ...
The country joined OPEC in 2007. Diamantino de Azevedo, the African nation's oil minister, said Angola “does not gain anything by remaining in the organization,” according to state news agency ...
Barkindo first became one of Nigeria's delegates to OPEC ministerial conferences in 1986. In 1993, he was appointed as Nigeria's representative on the OPEC economic commission board (ECB). [4] He remained on the board until 2008, and as a delegate until 2010. From 2009 to 2010, he was the Nigerian Governor on the OPEC Board of Governors. [1]