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OAPEC
The Organization of Arab Petroleum Exporting Countries (OAPEC; ) is a multi-governmental organization headquartered in Kuwait which coordinates energy policies among oil-producing Arab states. OAPEC's primary objective is safeguarding the cooperation of numerous members in various aspects of economic activity within the oil industry as well as maintaining strong relations among themselves; to provide legitimate means to preserve the members' individual and collective efforts within the industry; unite on-going efforts for the procurement of oil; provide access to consumer markets on fair and reasonable terms; and provide conditions, adequate capital, and experience of investors in the oil industry. History On 9 January 1968, three of the then–most conservative Arab oil states – Kuwait, Libya, and Saudi Arabia – agreed at a conference in Beirut, Lebanon to found the Organization of Arab Petroleum Exporting Countries, aiming to separate the production and sale of oil from poli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1973 Oil Crisis
In October 1973, the Organization of Arab Petroleum Exporting Countries (OAPEC) announced that it was implementing a total oil embargo against countries that had supported Israel at any point during the 1973 Yom Kippur War, which began after Egypt and Syria launched a large-scale surprise attack in an ultimately unsuccessful attempt to recover the territories that they had lost to Israel during the 1967 Six-Day War. In an effort that was led by Faisal of Saudi Arabia, the initial countries that OAPEC targeted were Canada, Japan, the Netherlands, the United Kingdom, and the United States. This list was later expanded to include Estado Novo (Portugal), Portugal, Rhodesia, and South Africa. In March 1974, OAPEC lifted the embargo, but the price of oil had risen by nearly 300%: from US to nearly US globally. Prices in the United States were significantly higher than the global average. After it was implemented, the embargo caused an oil crisis, or "shock", with many short- and long ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arab League
The Arab League (, ' ), officially the League of Arab States (, '), is a regional organization in the Arab world. The Arab League was formed in Cairo on 22 March 1945, initially with seven members: Kingdom of Egypt, Egypt, Kingdom of Iraq, Iraq, Emirate of Transjordan, Transjordan, Lebanon, Saudi Arabia, First Syrian Republic, Syria, and Kingdom of Yemen, North Yemen. Currently, the League has member states of the Arab League, 22 members. The League's main goal is to "draw closer the relations between member states and co-ordinate collaboration between them, to safeguard their independence and sovereignty, and to consider in a general way the affairs and interests of the Arab countries". The organization has received a relatively low level of cooperation throughout its history. Through institutions, notably the Arab League Educational, Cultural and Scientific Organization (ALECSO) and the Economic and Social Council of its Council of Arab Economic Unity (CAEU), the League f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Relations Of Saudi Arabia
Foreign relations of Saudi Arabia are the diplomatic and trade relations between Saudi Arabia and other countries around the world. The foreign policy of Saudi Arabia is focused on co-operation with the oil-exporting Arab states of the Persian Gulf, Gulf States, the unity of the Arab World, Ummah, Islamic solidarity, and support for the United Nations. In practice, the main concerns in recent years have been Saudi Arabia–United States relations, relations with the US, the Saudi Arabian–led intervention in Yemen, the Israeli–Palestinian conflict, Iraq, the perceived threat from the History of the Islamic Republic of Iran, Islamic Republic of Iran, and the Price of petroleum, effect of oil pricing. Saudi Arabia contributes large amounts of development aid to Muslims, Muslim countries. From 1986 to 2006, the country donated £49 billion in aid. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Relations Of Egypt
The Foreign relations of Egypt are the Egyptian government's external relations with the outside world. Egypt's foreign policy operates along a non-aligned level. Factors such as population size, historical events, military strength, diplomatic expertise and a strategic geographical position give Egypt extensive political influence in the Africa, the Mediterranean, Southwest Asia, and within the Non-Aligned Movement as a whole. Cairo has been a crossroads of the Mediterranean's, Africa's and Asia's commerce and culture for millennia, and its intellectual and religious institutions are at the center of the region's social and cultural landmarks. Diplomatic relations Israeli–Palestinian conflict Egypt has been seeking to play a role in the resolution of the Israeli–Palestinian conflict. Egypt played an important role in the negotiations leading to the Madrid Conference of 1991, which, under United States and Soviet sponsorship, brought together all parties in the region, in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1967 Oil Embargo
The 1967 Oil Embargo began on June 6, 1967, the second day of the Six-Day War, with a joint Arab decision to deter any countries from supporting Israel militarily. Several Middle Eastern countries eventually limited their oil shipments, some embargoing only the United States and the United Kingdom, while others placed a total ban on oil exports. The Oil Embargo did not significantly decrease the amount of oil available in the United States or any affected European countries, due mainly to a lack of solidarity and uniformity in embargoing specific countries. The embargo was effectively ended on September 1 with the issuance of the Khartoum Resolution. Oil Ministers' Conference During the June 9–18 Oil Ministers' Conference in Baghdad, Iraq, several Arab countries issued a communiqué that two resolutions were unanimously passed: # ''"Arab oil shall be denied to and shall not be allowed to reach directly or indirectly countries committing aggression or participating in aggre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OPEC
The Organization of the Petroleum Exporting Countries (OPEC ) is an organization enabling the co-operation of leading oil-producing and oil-dependent countries in order to collectively influence the global oil market and maximize Profit (economics), profit. It was founded on 14 September 1960 in Baghdad by the first five members: Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. The organization, which currently comprises 12 member countries, accounted for 38 percent of List of countries by oil production, global oil production, according to a 2022 report. Additionally, it is estimated that 79.5 percent of the world's proven oil reserves are located within OPEC nations, with the Middle East alone accounting for 67.2 percent of OPEC's total reserves.Organization of the Petroleum Exporting Countries. (2023). ''OPEC Annual Statistical Bulletin'' (58th ed.), 90 pages. Retrieved from https://asb.opec.org/. ISSN: 0475-0608. (See pages 7 and 22). In a series of steps in the 1960s and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum Industry
The petroleum industry, also known as the oil industry, includes the global processes of hydrocarbon exploration, exploration, extraction of petroleum, extraction, oil refinery, refining, Petroleum transport, transportation (often by oil tankers and pipeline transport, pipelines), and Downstream (petroleum industry)#Marketing, marketing of list of crude oil products, petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many petrochemical, chemical products, including pharmaceutical drug, pharmaceuticals, solvents, fertilizers, pesticides, synthetic Aroma compound, fragrances, and plastics. The industry is usually divided into three major components: upstream (petroleum industry), upstream, midstream, and downstream (petroleum industry), downstream. Upstream regards exploration and extraction of Petroleum, crude oil, midstream encompasses transportation and Oil terminal, storage of crude, and dow ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Relations Of Iraq
Since 1980, the foreign relations of Iraq have been influenced by a number of controversial decisions by the Saddam Hussein administration. Saddam had good relations with the Soviet Union and a number of western countries such as France–Iraq relations, France and Germany–Iraq relations, Germany, who International aid to combatants in the Iran–Iraq War, provided him with advanced weapons systems. He also developed a tenuous relation with the United States, who United States support for Iraq during the Iran–Iraq war, supported him during the Iran–Iraq War. However, the Invasion of Kuwait that triggered the Gulf War brutally changed Iraq's relations with the Arab World and the West. Egypt, Saudi Arabia, Syria and others were among the countries that supported Kuwait in the UN coalition. After the Saddam's administration was toppled by the 2003 U.S. invasion, the governments that succeeded it have now tried to establish relations with various nations. Diplomatic relation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Relations Of Kuwait
Since its independence in 1961, Kuwait has maintained strong international relations with most countries, especially nations within the Arab world. Its vast oil reserves give it a prominent voice at the global economic forums and organizations like the OPEC. Kuwait is also a major ally of Association of Southeast Asian Nations, ASEAN, a regional ally of China, and a major non-NATO ally of the United States. International disputes In November 1994, Iraq formally accepted the UN-demarcated border with Kuwait which had been spelled out in Security Council Resolutions United Nations Security Council Resolution 687, 687 (1991), United Nations Security Council Resolution 773, 773 (1992), and 883 (1993); this formally ends earlier claims to Kuwait and to Bubiyan Island, Bubiyan and Warbah Island islands; ownership of Qaruh and Umm al Maradim islands are disputed by Saudi Arabia. Kuwait and Saudi Arabia continue to negatotiate a joint maritime boundary with Iran; no maritime boundary exis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Organization
An international organization, also known as an intergovernmental organization or an international institution, is an organization that is established by a treaty or other type of instrument governed by international law and possesses its own legal personality, such as the United Nations, the Council of Europe, African Union, Mercosur and BRICS. International organizations are composed of primarily member states, but may also include other entities, such as other international organizations, firms, and nongovernmental organizations. Additionally, entities (including states) may hold observer status. Examples for international organizations include: UN General Assembly, World Trade Organization, African Development Bank, United Nations Economic and Social Council, UN Economic and Social Council, United Nations Security Council, UN Security Council, Asian Development Bank, International Bank for Reconstruction and Development, International Monetary Fund, International Finance Corp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Relations Of Algeria
Since its independence from France in 1962, Algeria has pursued an activist foreign policy. In the 1960s and 1970s, Algeria was noted for its support of Third World policies and independence movements. Since its independence, Algeria has been a member of the Arab League, the African Union and of the United Nations. History of foreign relations since independence During Ben Bella's presidency (1962–1965) Following its independence in 1962, Algeria developed deep ties with many foreign countries with a heavy presence in the global scene. The Algerian government, pursuing the dynamics that had started during the Algerian War for Independence and into the Cold War used the country's strategic geopolitical position – at the crossroads of Europe, Sub-Saharan Africa and the Arabian world – to assert its own interests. Algeria came to see itself as a full actor in the Cold War and not simply a bystander caught in a crossfire between the Western and Eastern blocs. Moreover, Alge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Huffington Post
''HuffPost'' (''The Huffington Post'' until 2017, itself often abbreviated as ''HPo'') is an American progressive news website, with localized and international editions. The site offers news, satire, blogs, and original content, and covers politics, business, entertainment, environment, technology, popular media, lifestyle, culture, comedy, healthy eating, young women's interests, and local news featuring columnists. It was created to provide a progressive alternative to conservative news websites such as the Drudge Report. The site contains its own content and user-generated content via video blogging, audio, and photo. In 2012, the website became the first commercially run United States digital media enterprise to win a Pulitzer Prize. Founded by Arianna Huffington, Andrew Breitbart, Kenneth Lerer, and Jonah Peretti, the site was launched on May 9, 2005, as a counterpart to the Drudge Report. In March 2011, it was acquired by AOL for US$315 million, with Arianna ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
