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OPEC Celebrates 64 Years of Shaping the Global Oil Industry
The Organization of the Petroleum Exporting Countries (OPEC) marked a significant milestone this September as it celebrated its 64th anniversary. For more than six decades, OPEC has played a crucial role in stabilizing the global oil market, fostering international cooperation, and championing the sovereignty of oil-producing nations over their natural resources.
The Organisation of the Petroleum Exporting Countries (OPEC) turned 64, celebrating more than six decades of exceptional achievements and success. / Picture: © Wikimedia Commons / DALIBRI / CC BY-SA (https://creativecommons.org/licenses/by-sa/3.0)
Between September 10 and 14, 1960, representatives from five oil-producing countries convened in Baghdad’s Al-Shaab Hall. These founding members—Dr. Fuad Rouhani of Iran, Dr. Tala’at al-Shaibani of Iraq, Ahmed Sayed Omar of Kuwait, Abdullah Al-Tariki of Saudi Arabia, and Dr. Juan Pablo Perez Alfonzo of Venezuela—came together with the shared goal of asserting greater control…
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