(1) Representatives of the member countries of the Organization of Petroleum Exporting Countries (mainly heads of delegations) coordinated their respective oil policies at the meeting of the Organization of Petroleum Exporting Countries to promote the stability and prosperity of the oil market.
(2) The Secretariat of the Organization of Petroleum Exporting Countries is responsible for the daily affairs of the Organization, accepts the instructions of the Council and is directly led by the Secretary-General.
(3) The Economic Committee, Ministerial Supervision Committee and other executive bodies of the Organization of Petroleum Exporting Countries perform many functions, such as consultation, consultation and coordination.
(4) The members of the Organization of Petroleum Exporting Countries analyze and predict the current situation and market trends, and make clear many basic factors such as economic growth rate, oil supply and demand, and then negotiate what adjustments to make in oil policy.
2. The Organization of Petroleum Exporting Countries, namely the Organization of Petroleum Exporting Countries-the Organization of Petroleum Exporting Countries, transliterated in Chinese as the Organization of Petroleum Exporting Countries. Founded in September 1960, June/4, June 1962, and June165438+16, the Organization of Petroleum Exporting Countries (OPEC) registered with the United Nations Secretariat and became a formal international organization. Its purpose is to coordinate and unify the oil policies of member States and safeguard their respective interests. The decision of the Organization of Petroleum Exporting Countries has a considerable impact on international oil prices.
What is the name of the International Organization of Petroleum Exporting Countries? Name: Organization of Petroleum Exporting Countries
Where is the Organization of Petroleum Exporting Countries? The Organization of Petroleum Exporting Countries (OPEC) is referred to as "the Organization of Petroleum Exporting Countries" for short, and its headquarters is in Vienna.
1960 in September, representatives of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela met in Baghdad and decided to unite with western oil companies to safeguard oil revenue. /kloc-in June of 0/4, the five countries announced the establishment of the Organization of Petroleum Exporting Countries (OPEC). With the increase of its members, the Organization of Petroleum Exporting Countries has developed into an international oil organization composed of some major oil-producing countries in Asia, Africa and Latin America. The headquarters of the Organization of Petroleum Exporting Countries is located in Vienna.
The purpose of the Organization of Petroleum Exporting Countries (OPEC) is to coordinate and unify the oil policies of member countries and determine the most appropriate means to safeguard their respective and common interests.
The main institutions are: the General Assembly, which is the highest authority; Council, responsible for implementing General Assembly resolutions and guiding the management of the organization; Secretariat, presided over the daily affairs under the guidance of the Council. A specialized agency, the Economic Commission, has been set up in the Secretariat to help the Organization stabilize the international oil price at a fair and reasonable level.
In 2003, the total oil reserves of the members of the organization were11910.25 billion tons, accounting for about 69% of the world oil reserves, of which the top three members were Saudi Arabia (35.5342 billion tons) and Iran (654.38+078).
In order to ensure the interests of oil producers and consumers, the Organization of Petroleum Exporting Countries implements the oil production quota system. In order to prevent oil prices from soaring, the Organization of Petroleum Exporting Countries can increase oil production according to market conditions; In order to prevent oil prices from falling, the Organization of Petroleum Exporting Countries can reduce oil production according to market conditions.
Background of the Organization of Petroleum Exporting Countries (OPEC). Before 1960, the global crude oil market was monopolized by western consortia. The so-called "crude oil Seven Sisters" (Exxon, Shell, Mobil, Texaco, BP, California Mobil, Gulf Oil Company) not only controls a lot of crude oil production capacity, but also monopolizes market transactions, affecting global oil prices. Although most oil-producing countries have huge production capacity, they can only get very little income. 1960 September 14, Iran, Iraq, Saudi Arabia, Kuwait and Venezuela reached an agreement and decided to set up a coordination group to reach an alliance of output and price, thus breaking the monopoly of western consortia, which is the Organization of Petroleum Exporting Countries.
Organization of Petroleum Exporting Countries: Organization of Petroleum Exporting Countries.
Pen name: せきゆしゅつこくきこぅ
Abbreviation: ォペック
Please introduce the Organization of Petroleum Exporting Countries! Organization of Petroleum Exporting Countries (OPEC)
Organization of the Petroleum Exporting Countries (OPEC )
An international organization established by some oil-producing countries aims to coordinate oil policies and oppose the control and exploitation of international oil monopoly capital. The English abbreviation OPEC. 1960 was established in September of 10. 1994 has 13 full members, including Iraq, Iran, Kuwait, Saudi Arabia, Venezuela, Qatar, Indonesia, Libya, United Arab Emirates, Algeria, Nigeria, Ecuador and Gabon. It is the earliest organization of raw material producers in the third world. Headquartered in Vienna. The purpose is to coordinate the oil policies and actions of member countries and safeguard the oil rights and interests of oil-producing countries in a collective way. The highest authority is the General Assembly of the Organization of Petroleum Exporting Countries. Meetings are held at least twice a year to formulate major policies, led by oil ministers of member States. The meeting shall work in accordance with the principle of unanimity, and hold special meetings when necessary. The organization has a board of directors, with 1 directors from each member country attending for a term of two years. The Council is responsible for implementing the resolutions of the General Assembly and daily administrative affairs. The executive body of the Council is the secretariat, and the Secretary-General is the legally authorized representative, with a term of two years. The organization regularly publishes various publications on oil issues in order to exchange information among its members. The oil reserves of member countries exceed 60 billion tons, accounting for 70% of the world's total reserves. From 65438 to 0980, the daily output of crude oil of the organization accounts for 45% of the world's daily output, and the export volume accounts for 74.8% of the world's daily export volume. The oil exported by the organization accounts for 30% of US imports, 90% of Japanese imports and 60% of Western European imports.
1978 OPEC meeting held in Abu Dhabi
After its establishment, the organization regained the right to set oil prices and oil production, nationalized many oil companies and controlled oil exploitation and sales. The oil struggle of 1973 inspired the movement of the third world countries for national economic independence. Oil prices rose from 1973 to 1974+0 1 USD. /kloc-at the end of 0/975, the oil pricing system was abolished and a single price system was implemented. From 65438 to 0976, the organization established a special fund and raised 800 million dollars to help third world countries. 1980 was changed to the International Development Foundation with a fund of USD 4 billion. 1986 two committees on production quotas and oil price were established. After the 1980s, oil prices plummeted, and countries decided to cut production and protect prices after consultation. In the 1990s, although there were contradictions and disputes in coordinating the output and prices of its member countries, the organization balanced and stabilized the global oil market.
When it was founded, there were five countries: Saudi Arabia, Venezuela, Kuwait, Iraq and Iran. Its purpose is to safeguard the interests of oil-producing countries and maintain the price and output level of crude oil. Since then, new member States have joined, including Qatar (196 1), Libya (1962), Indonesia (1962), United Arab Emirates (1967) and Algeria (/kloc-0). Among them, Ecuador and Gabon have withdrawn.
The purpose of the Organization of Petroleum Exporting Countries (OPEC) is to coordinate and unify the oil policies of member countries and determine the most appropriate means to safeguard their respective and common interests.
The main institutions are: the General Assembly, which is the highest authority; Council, responsible for implementing General Assembly resolutions and guiding the management of the organization; Secretariat, presided over the daily affairs under the guidance of the Council. A specialized agency, the Economic Commission, has been set up in the Secretariat to help the Organization stabilize the international oil price at a fair and reasonable level.
Publications: Bulletin of the Organization of Petroleum Exporting Countries (monthly); Review of the Organization of Petroleum Exporting Countries (quarterly); Annual report; Annual statistical report.
What do OPEC and OPEC mean? Hello, classmate, I'm glad to answer your question!
The word you said belongs to the vocabulary of futures industry. Mastering the vocabulary of futures industry can make you feel at home in the study of futures industry. The translation and meaning of this word are as follows: an international organization aimed at maintaining the stability and prosperity of the oil market. Any important oil exporter who agrees with the idea of the organization can become a member.
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Organization of Petroleum Exporting Countries (OPEC)
Organization of Petroleum Exporting Countries.
What do OPEC and OPEC mean? Organization of Petroleum Exporting Countries, or Organization of Petroleum Exporting Countries-Organization of Petroleum Exporting Countries, transliterated in Chinese as Organization of Petroleum Exporting Countries. Founded in September 1960, June/4, June 1962, and June165438+16, the Organization of Petroleum Exporting Countries (OPEC) registered with the United Nations Secretariat and became a formal international organization. Its purpose is to coordinate and unify the oil policies of member States and safeguard their respective interests. The existing 12 member countries are: Saudi Arabia, Iraq, Iran, Kuwait, United Arab Emirates, Qatar, Libya, Nigeria, Algeria, Angola, Ecuador and Venezuela.