| From Bi-me.com: 50 years ago, five oil-producing nations of the world met in Baghdad for a conference which led to the creation of OPEC. Five decades later, the 12 nation group is sitting on around three quarters of the world’s proven reserves.
Sheikh Zaki Yamani, former Saudi oil minister was made famous by being the face of the 1973 oil embargo and was also taken hostage by Carlos the Jackal. CNN’s Marketplace Middle East’s John Defterios sat down with the architect of Saudi Arabia’s energy policy in an exclusive interview, aired Friday, to discuss OPEC and its past 50 years..............................................Full Article: Source
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