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What does OAPEC stand for?

OAPEC stands for Organization for Arab Petroleum Exporting Countries


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Samples in periodicals archive:

On 9 January 1968, three of the then–most conservative Arab oil states Kuwait, Libya, and Saudi Arabia agreed at a conference in Beirut, Lebanon to found the Organization of Arab Petroleum Exporting Countries, aiming to separate the production and sale of oil from politics in the wake of the halfhearted 1967 oil embargo in response to the Six Day War. Such use of the economic weapon of oil embargo in the struggle against Israel had been regularly proposed at Arab Petroleum Congresses, but it took the Six Day War for the embargo to happen.