Organization of Arab Petroleum Exporting Countries

Organization of Arab Petroleum Exporting Countries
Map of OAPEC Members and their status
Map of OAPEC Members and their status
Administrative center Kuwait
Official languageArabic
TypeIntergovernmental organization
Membership Algeria
 Bahrain
 Egypt
 Iraq
 Kuwait
 Libya
 Qatar
 Saudi Arabia
 Syria
 United Arab Emirates
 Tunisia
Leaders
• Secretary General
Jamal Essa Al Loughani
EstablishmentJanuary 9, 1968; 56 years ago (1968-01-09)

The Organization of Arab Petroleum Exporting Countries (OAPEC; Arabic: منظمة الأقطار العربية المصدرة للبترول) is a multi-governmental organization headquartered in Kuwait which coordinates energy policies among oil-producing Arab states. 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.