OPEC

=OPEC = **1. ** Determination of the best means for safeguarding the organization's interests, individually and collectively. **2**. Pursues ways and means of ensuring the stabilization of prices in international oil markets with a view to eliminating harmful and unnecessary fluctuation **3.** Persues an efficient and regular supply of petroleum to consuming nations **4.** Fair return on their capital to those investing in the petroleum industry
 * Organization of Petroleum Exporting Countries.
 * Founded in 1960.
 * Created in the bagdhad conference
 * The founding member countries: Iran. Iraq,Kuwait,Saudi Arabia and Venezuela.
 * Today members: Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. [[image:http://upload.wikimedia.org/wikipedia/commons/thumb/6/68/OPEC.svg/250px-OPEC.svg.png width="346" height="183"]]
 * Has maintained its headquarters in Vienna since 1965.
 * <span style="font-family: 'Comic Sans MS',cursive;">OPEC members collectively hold 79% of world crude oil reserves and 44% of the world’s crude oil production, affording them considerable control over the global market.
 * <span style="font-family: 'Comic Sans MS',cursive;">Principal goals:
 * <span style="font-family: 'Comic Sans MS',cursive;">In 1973 with the oil empargo prove it was an useful organization.