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OPEC

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A brief presentation of OPEC, including
1. History of organization
2. OPEC today (members and quotas)
3. Problems of OPEC

Published in: Education
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OPEC

  1. 1. OPECThe Organization of the Petroleum Exporting Countries
  2. 2. Plan History and some figures OPEC todayProblems of OPEC Problems of OPEC
  3. 3. OPEC todayProblems of OPEC Problems of OPEC History and some figures 1 60s The establishment 70s Oil crisis 80s Oil glut 90s War response
  4. 4. 7 giant oil “sisters” were in control of oil production 60s
  5. 5. 70s Oil crisis of 1973 In response to war in Israel Arab countries proclaimed oil embargo 45%* *share in world oil production **price per barrel 10$**
  6. 6. 80s 1980s oil glut Surplus in crude oil caused by falling demand after energy crisis 35%* *share in world oil production **price per barrel 25$**
  7. 7. 90s The days of war Iraq began campaign against Kuwait, that led to growth in oil prices 40%* *share in world oil production **price per barrel 25$**
  8. 8. Problems of OPEC Problems of OPEC History and some figures Current members Quotes system OPEC today 2
  9. 9. Saudi Arabia 2nd* 1960** Iran 4th 1960 * Position in world oil production ** The year of jointment UAE 8th 1967 Kuwait 10th 1960 Venezuela 11th 1960 12th 1960 Iraq The rest 6 countries are: Nigeria, Qatar, Libya, Ecuador, Angola, and Algeria Current members
  10. 10. 29,591 bar/day SA 30% Iran 13% Kuwait, UAE 17% Nigeria 8,1%Rest 6 38,9% Quotas system
  11. 11. Problems of OPEC History and some figures OPEC today 3
  12. 12. History and some figures OPEC today Problems of OPEC 3 Different development levels within OPEC High social tension in some countries

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