OPEC’s spirit of cooperation helps balance and stabilize oil market

SourceSaudi Gazette
SectorOil & Gas
CountrySaudi Arabia

By Mohammad Sanusi BarkindoVIENNA — On 14 Sept., 1960, the five founding fathers of the Organization of the Petroleum Exporting Countries (OPEC), Juan Pablo Pérez Alfonzo of Venezuela; Abdullah Al-Tariki of Saudi Arabia; Dr. Tala’at Al-Shaibani of Iraq; Dr. Fuad Rouhani of Iran; and Ahmed Sayed Omar of Kuwait gathered together in the Al-Shaab Hall in Baghdad.The historic ‘Baghdad Conference’ saw these five visionaries gathered together around the premise of cooperation and with the need to write their own story. Pérez Alfonzo said after the meeting and the creation of OPEC: “We are now ...read more...