The+Organization+of+the+Petroleum+Exporting+Countries



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** A) Name of organization **
The Organization of of the Petroleum Exporting Countries (//OPEC//)

** B) Brief history of organization (when, where, how, why) **

 * When:** Created September 10-14 1960
 * Where:** Baghdad Conference
 * How:** it was created by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela
 * Why:** OPEC was formed because to unify and coordinate members' petroleum policies

** C) Identify member states and which ones are the most powerful **
The Republic of of Iran, Iraq, Kuwait, Saudi Arabia, Venezuela (all of those to the left are the powerful ones) Qatar, Libya, the United Arab Emirates, Algeria, Nigeria, and Angola

** D) Purpose/goals/objectives of organizations **
The purpose of OPEC is to coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry. So for the oil markets to be fast and safe, and keep the consumers happy and pay people who are investing in the petroleum industry

** E) Structure/hierarchy/subdivisions of organizations **
OPEC is divided into three sections: the conference, The Board of Governors, and the Secretariat. The Secretariat is broken down into subdivisions which are, Secretary General, Office of the **Secretary General, Legal Office, Research Division, and Support Services Division.**

** F) Advantages of membership in organization **
An advantage of being a member of OPEC is that you could get petroleum easily and you are protected by a lot of other countries

** G) Disadvantages of membership in organization **
A disadvantage of being a member of OPEC is that if you are trying to sell your petroleum it might be worth a lot in money and if you are selling it to another country the currency matters and it might be more or less

**H) Explanation of how the organization challenges/preserves local diversity**
OPEC does not challenge local diversity nor does it preserve it

[] The Organization of the Petroleum Exporting Countries