05.10.2016 - Iran’s Capacities For Revitalizing OPEC, Oil Freeze And Emerging World Order
Among all international organizations set up by the developing countries, the Organization of the Petroleum Exporting Countries (OPEC) has had the most effective background with regard to protecting the collective interests of its members. However, at least during the past few decades, OPEC had failed to take a serious decision for the regulation and stabilization of global energy markets to guarantee maximum interests of its members due to soaring political difference among member states. During the 170th extraordinary meeting of the OPEC Conference in Algiers in September 2016, historic decisions were made about returning to the organization’s quota system and reduction of the production ceiling of its member states...........................................Full Article: Source
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