Opec.org - An organization that represents petroleum exporting countries

Title

Organization of the Petroleum Exporting Countries

Description

The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960.

The OPEC Fund for International Development is a multilateral development finance institution. It was established in January 1976, by the member countries of the Organization of the Petroleum Exporting Countries.

The OPEC MCs coordinate their oil production policies in order to help stabilise the oil market and to help oil producers achieve a reasonable rate of return on their investments. This policy is also designed to ensure that oil consumers continue to receive stable supplies of oil.

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Address

Obere Donaustrasse 93
Wien A-1020 AUSTRIA

Contact

Organization of the Petroleum
+1 43121112

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