What does OPAEC mean in Energy?

This page is about the meanings of the acronym/abbreviation/shorthand OPAEC in the Governmental field in general and in the Energy terminology in particular.

Organization of Arab Petroleum Exporting Countries

Governmental » Energy

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Definition

What does OPAEC mean?

Organization of Arab Petroleum Exporting Countries
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.

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"OPAEC." Abbreviations.com. STANDS4 LLC, 2022. Web. 17 May 2022. <https://www.abbreviations.com/term/1773105>.

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