OPEC turns 50 years old

Michael Giberson OPEC was founded on September 14, 1960, in Baghdad, Iraq by five oil-exporting countries that decided to join forces to safeguard their legitimate rights and exercise control over their petroleum resources after years of manipulation. From the OPEC “Secretary General’s Message” on the occasion of the 50th anniversary of the organization. The slogan … More OPEC turns 50 years old