Organization of Petroleum Exporting Countries
The Organization of Petroleum Exporting Countries is known as Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela; since 1965, the international headquarters is located in Vienna, Austria. The direction of the organization's principle, according to the organization according to Statute, is the coordination and consolidation of member policies and best assessors to control their individual and group interests; create ways and means to ensure price stability in the oil market with a view to destroy erratic fluctuations and as a necessity to save steady income to producer countries; a common, economical and efficient distributor to consumer countries, and a fair return on their capital to anyone investing in the petroleum industry .. "1 ...