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What (who) is Organization of Arab Petroleum Exporting Countries - definition
Organization of Arab Petroleum Exporting Countries
![Map of OAPEC Members and their status in 2012, after the [[2011 South Sudanese independence referendum]]](https://commons.wikimedia.org/wiki/Special:FilePath/OAPEC Members.png?width=200 "Map of OAPEC Members and their status in 2012, after the [[2011 South Sudanese independence referendum]]")
The Organization of Arab Petroleum Exporting Countries (OAPEC) is a multi-governmental organization headquartered in Kuwait which coordinates energy policies among oil-producing Arab nations. 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.
Organization of Arab Petroleum Exporting Countries
OAPEC was created in 1968; members include: Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Syria, and the United Arab Emirates. Headquarters are in Cairo, Egypt. See: Organization of Petroleum Exporting Countries
OAPEC
[??'e?p?k]
¦ abbreviation Organization of Arab Petroleum Exporting Countries.
Examples of use of Organization of Arab Petroleum Exporting Countries
1. The Organization of Arab Petroleum Exporting Countries will also participate in the conference.