Last week of the course, we spoke about OPEC and Mr. Mark give us some information about it
OPEC ( Organization of Petroleum Exporting Countries) is an intergovernmental organization of 12 oil-producing countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.
OPEC aid
OPEC aid dates from well before the 1973/74 oil price explosion. Kuwait has operated a programme since 1961 (through the Kuwait Fund for Arab Economic Development). The OPEC fund became a fully-fledged permanent international development agency in May 1980.
OPEC has twelve member countries: six in the Middle East, four in Africa, and two in South America.
OPEC ( Organization of Petroleum Exporting Countries) is an intergovernmental organization of 12 oil-producing countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.
OPEC aid
OPEC aid dates from well before the 1973/74 oil price explosion. Kuwait has operated a programme since 1961 (through the Kuwait Fund for Arab Economic Development). The OPEC fund became a fully-fledged permanent international development agency in May 1980.
OPEC has twelve member countries: six in the Middle East, four in Africa, and two in South America.
Country | Region | Joined OPEC |
Africa | 1969 | |
Africa | 2007 | |
South America | 2007 | |
Middle East | 1960 | |
Middle East | 1960 | |
Middle East | 1960 | |
Africa | 1962 | |
Africa | 1971 | |
Middle East | 1961 | |
Middle East | 1960 | |
Middle East | 1967 | |
South America | 1960 | |
Hi Faisal. It is good that you kept blogging right to the end with OPEC and foreign currencies, a lot of guys stopped. Sorry i did not comment as often as I should have.
ReplyDeleteSome of your posts are very good, while others are just satisfactory - but at least you post something. Good luck in your final assessments.