60th Anniversary

  • How OPEC Became a Key Player in World Markets

    OPEC 60th Anniversary; Javad Yarjani Explains

    How OPEC Became a Key Player in World Markets

    TEHRAN (Shana) -- Javad Yarjani, Iran’s former national representative to OPEC, has attended OPEC meetings for more than three decades. He served as the head of the Energy Division of OPEC Secretariat for five years.

  • Zamani-Nia: OPEC should Protect Members by Relying on Partnership

    60th OPEC Anniversary

    Zamani-Nia: OPEC should Protect Members by Relying on Partnership

    TEHRAN (Shana) -- Iran’s OPEC governor Amir-Hossein Zamani-Nia says all member states of the Organization of the Petroleum Countries should oppose and decry – both in words and deeds – the use of oil as a political tool for exerting pressure and imposing embargo on oil producers.

  • OPEC Founders Achievements

    60th OPEC Annivesary

    OPEC Founders Achievements

    TEHRAN (Shana) -- OPEC has turned 60. So long a time. Why was OPEC established? What has it brought to the five founding members?

  • OPEC Turns 60; Achievements, Survival and Challenges

    60th OPEC Annivesary

    OPEC Turns 60; Achievements, Survival and Challenges

    TEHRAN (Shana) -- This year, the Organization of the Petroleum Exporting Countries (OPEC) is marking 60 years of its foundation. Every year an anniversary ceremony is held on September 14, i.e. the day of OPEC foundation, at the Secretariat of the Organization. In addition, this year a special ceremony was due to be held in Baghdad with OPEC Secretary General Mohammad Barkindo and heads of delegation of OPEC member countries in attendance to commemorate the 60th anniversary of OPEC establishment; however, despite all the required arrangements made by Iraq, due to global COVID-19 pandemic the ceremony was wisely agreed to be postponed to some other time.

  • “OPEC Turned Sixty: Happy Birthday OPEC”
  • OPEC Challenges in its 60s

    60th OPEC Annivesary

    OPEC Challenges in its 60s

    TEHRAN (Shana) -- The Organization of the Petroleum Exporting Countries (OPEC), established in 1960 at the initiative of Venezuela and in cooperation with Iran, Saudi Arabia, Iraq and Indonesia, has been faced with a flurry of challenges over the past six decades given the global economic and social developments and the growth of oil production from conventional sources from non-oil producers, such as the growth of North Sea output in the mid-1970s and the growth of oil production from unconventional sources (shale oil) in recent years.

  • If only OPEC united against Political Saber-Rattling…

    60th OPEC Annivesary

    If only OPEC united against Political Saber-Rattling…

    TEHRAN (Shana) -- The establishment of the Organization of the Petroleum Exporting Countries, or OPEC for short, 15 years after the end of World War II can be seen as a sign of the efforts of the founding countries to oppose and resist the extravagant behavior of major oil companies, or the famous seven sisters, at that time. In the years before foundation of OPEC, each of the founding countries, namely Iran, Venezuela, Iraq, Saudi Arabia and Kuwait, faced myriad political and social upheavals.

  • OPEC's 60th Anniversary

    OPEC's 60th Anniversary

    VIENNA (Shana) -- OPEC has released a documentary about the 60th annivesary of its establishment.

  • OPEC Secretary General Goodwill Message on 60th OPEC Anniversary

    60th OPEC Annivesary

    OPEC Secretary General Goodwill Message on 60th OPEC Anniversary

    TEHRAN (Shana) -- OPEC Secretary General Mohammad Barkindo sent a goodwill message on the ocassion of the 60th anniversary of OPEC establishment.

  • OPEC turns 60

    60th OPEC Annivesary

    OPEC turns 60

    TEHRAN (Shana) -- The Fourteenth of September 2020 is a very special day for OPEC.  This sees the Organization celebrate its 60th anniversary.  Few would have foreseen six decades ago that the Organization would have risen to the heights it has today in the global energy arena. Back then in Baghdad, the five Founding Fathers of OPEC, Juan Pablo Pérez Alfonzo of Venezuela; Abdullah al-Tariki of Saudi Arabia; Dr Tala’at al-Shaibani of Iraq; Dr Fuad Rouhani of Iran; and Ahmed Sayed Omar of Kuwait gathered together in the Al-Shaab Hall in Baghdad, to midwife OPEC into the world. 

  • Commitment & Cooperation

    60th OPEC Annivesary

    Commitment & Cooperation

    VIENNA (Shana) -- Back in March and April, the world faced its largest oil demand shock in living memory.  On days in April, demand was 23 million barrels a day (mb/d) below that of 2019, the WTI May futures price contract went negative on April 20 and the global economy seemed to be teetering on abyss.  Every producer was impacted, no one was immune.