Opek Pittsburgh Schedule

Upcomming Opek Pittsburgh Events:

• Opek tickets in Pittsburgh, PA at Club Cafe on Friday September 21, 2012.
• Opek tickets in Pittsburgh, PA at Club Cafe on Friday August 27, 2010.
• Opek tickets in Pittsburgh, PA at Club Cafe on Friday March 5, 2010.

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Did You Know?

At that time, OPEC nations — including many who had recently nationalized their oil industries — joined the call for a new international economic order to be initiated by coalitions of primary producers.

Later, the Yom Kippur War of 1973 galvanized Arab opinion.

Indicating that OPEC is not averse to further expansion, Mohammed Barkindo, OPEC's Secretary General, recently asked Sudan to join. Angola, Sudan to ask for OPEC membership Houston Chronicle Iraq remains a member of OPEC, but Iraqi production has not been a part of any OPEC quota agreements since March 1998.In May 2008, Indonesia announced that it would leave OPEC when its membership expired at the end of that year, having become a net importer of oil and being unable to meet its production quota. Indonesia to withdraw from Opec A statement released by OPEC on 10 September 2008 confirmed Indonesia's withdrawal, noting that it "regretfully accepted the wish of Indonesia to suspend its full Membership in the Organization and recorded its hope that the Country would be in a position to rejoin the Organization in the not too distant future." [2]The United States unilaterally pulled out of the Bretton Woods Accord and took the US off the established Gold Exchange Standard on August 15, 1971.

Egypt and Syria, though not major oil-exporting countries, joined the latter grouping to help articulate its objectives.

This refusal caused a fourfold increase in the price of oil, which lasted five months, starting on October 17, 1973, and ending on March 18, 1974.

OPEC was founded in Baghdad, triggered by a 1960 law instituted by American President Dwight Eisenhower that forced quotas on Venezuelan and Persian Gulf oil imports in favor of the Canadian and Mexican oil industries.

Flash News :

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