Organization Of Arab Petroleum Exporting Countries - OAPEC


Organization Of Arab Petroleum Exporting Countries - OAPEC
An inter-governmental organization based in Kuwait that seeks to foster cooperation among the 11 Arab oil-exporting nations that are its members, and develop their petroleum industry.

OAPEC was established in 1968 by Kuwait, Libya and Saudi Arabia. Its other members include: Algeria, Bahrain, Egypt, Iraq, Qatar, Syria, Tunisia and the United Arab Emirates. Although they have several members in common, OAPEC is a separate and distinct entity from OPEC (the Organization of the Petroleum Exporting Countries), the 12-nation cartel that plays a pivotal part in determining global petroleum prices.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Organization of Petroleum-Exporting Countries — noun an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum • Syn: ↑OPEC • Hypernyms: ↑world organization, ↑world organisation, ↑international organization, ↑international organisation,… …   Useful english dictionary

  • Arab lobby in the United States — The Arab lobby in the United States is a collection of formal and informal groups that lobby the public and government of the United States on behalf of Arab interestsMark N. Katz, [http://www.metimes.com/Opinion/2006/07/03/viewpoint where is the …   Wikipedia

  • Petroleum — For other uses, see Petroleum (disambiguation). Proven world oil reserves, 2009 …   Wikipedia

  • petroleum — petroleous, adj. /peuh troh lee euhm/, n. an oily, thick, flammable, usually dark colored liquid that is a form of bitumen or a mixture of various hydrocarbons, occurring naturally in various parts of the world and commonly obtained by drilling:… …   Universalium

  • Arab Republic of Egypt — noun a republic in northeastern Africa known as the United Arab Republic until 1971; site of an ancient civilization that flourished from 2600 to 30 BC • Syn: ↑Egypt, ↑United Arab Republic • Derivationally related forms: ↑Egyptian (for: ↑Egypt) …   Useful english dictionary

  • Petroleum industry in Azerbaijan — Onshore oil fields in Azerbaijan. Offshore oil fields in Azerbaijan …   Wikipedia

  • Foreign relations of the United Arab Emirates — The UAE joined the United Nations and the Arab League and has established diplomatic relations with more than 60 countries, including the United States, Japan, Pakistan, Russia, India, the People s Republic of China, and most Western European… …   Wikipedia

  • List of Arab world organizations — *Arab Leaguean organization that includes 22 members and 2 observers, and concentrates mainly on Political issues rather than Economical and Social ones.*Gulf Cooperation Councila Minor Arab Organization, more concerned with the Economic… …   Wikipedia

  • List of international organization leaders in 2005 — 2004 international organization leaders Events of 2005 2006 international organization leaders International organization leaders by year See also: *List of state leaders in 2005 *List of religious leaders in 2005 *List of colonial governors in… …   Wikipedia

  • List of international organization leaders in 2006 — 2005 international organization leaders Events of 2006 2007 international organization leaders International organization leaders by year See also: *List of state leaders in 2006 *List of religious leaders in 2006 *List of colonial governors in… …   Wikipedia

  • List of international organization leaders in 2007 — 2006 international organization leaders Events of 2007 2008 international organization leaders International organization leaders by year See also: *List of state leaders in 2007 *List of religious leaders in 2007 *List of colonial governors in… …   Wikipedia


We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.