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Title: OPEC and its proposition in the south

Essay Details

Subject: Business
Author: Michael C
Date: April 6, 2015
Level: University
Grade: B
Length: 8 / 2354
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

These five countries- Saudi Arabia, Iran, Iraq, Kuwait, and Venezuela- were responsible for nearly 80% of all world oil exports at the time. From this point forward, OPEC would become the primary policy-making body for the price regulation of petroleum exports. Fuad Rouhani, the first Secretary-General of OPEC, established that the objectives of this organizations were: 1) Endeavoring by all possible means to restore the price of crude oil to the level existing before the reductions...

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(AL_Sowayegh, 34) OPEC would consist of a Board of Governors, with one representative from each of the member countries. Also, the Board of Governors would elect the Chairman and the Secretary-General. The organization is permanently seated in Vienna, where the Secretary-General is entrusted with numerous responsibilities in conjunction with his five departments: Technical, Administration, Legal, Economics, and Information...

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