OPEC and its proposition in the south
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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

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. 2) Ensuring that the oil companies maintain their prices at a stable level, avoiding any unnecessary fluctuations...

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