At the Baghdad Conference beginning 10 September 1960, Iran, Iraq, Kuwait, Saudi Arabia and Venezuela founded the Organization of the Petroleum Exporting Countries, answering the Western major oil companies that dominated the fields and held the posted price of crude low. Headquartered in Vienna since 1965, OPEC moved pricing power toward the producer states, a shift the world felt in full in the 1973 embargo.
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Source EBSCO Research Starters
Source EBSCO Research Starters
Source EBSCO Research Starters
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1. EBSCO Research Starters
EBSCO Information ServicesResearch Starters, OPEC Founded, Overview
established during the Baghdad Conference held in Iraq beginning on September 10, 1960
Associated With: OPEC, Research Starters, OPEC Founded, Full Article
OPEC's headquarters have been located in Vienna, Austria, since 1965
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