OPEC

international organization of petroleum-exporting countries

11 dated entries naming OPEC, drawn from 9 separate years between 1971 CE and 2023 CE. Nothing here is written by us: each line is the sentence a Wikipedia year article used, and the link beside it opens the exact revision.

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20th century

  • 1971January 19 – Representatives of 23 western oil companies begin negotiations with OPEC in Tehran to stabilize oil prices; February 14 they sign a treaty with 6 Arab states of the Persian Gulf.source
  • 1973October 17 – An OPEC oil embargo against several countries supporting Israel triggers the 1973 energy crisis.source
  • 1974March 18 – End of five-month oil embargo by most OPEC nations against the United States, Europe, and Japan which had caused the 1973 oil crisis.source
  • 1975March 6 - Iran and Iraq announced a settlement in their border dispute, at a meeting of the OPEC nations in Algiers. The Shah of Iran signed on behalf of his nation, while Iraq was represented by Saddam Hussein, an aide to President Ahmed Hassan al-Bakr and future President of Iraq. The meeting was overseen by Algerian President Houari Boumediene. Iraq agreed to drop claims to half of the Shatt al-Arab, while Iran agreed not to supply weapons to Kurdish separatists in northern Iraq.source
  • 1975December 21 – Six people, including Carlos the Jackal, kidnap delegates of an OPEC conference in Vienna.source

21st century

  • 2008November 4: Algeria announced that it will cut 71,000 daily barrels of its oil exports among the Organization of Petroleum Exporting Countries OPEC. Following a recent meeting the oil cartel agreed to reduce its exports by a collective 1.5 Goilbbl a day, beginning on November 1.source
  • 2008December 23: Algeria maintains the world's largest carbon capture and storage operation in Salah, Algeria, approximately seven hundred miles south of Algiers. About 800,000 tons of carbon dioxide is stored there, 1.2 mi below land. Currently the site is being operated by BP, Statoil and Sonatrach. The operation made headlines during the December 2008 meeting of OPEC in Algiers.source
  • 2019January 1 – Qatar withdraws from OPEC.source
  • 2020April 12 – OPEC and allies strike a deal to cut oil production by 9.7 million barrels per day, the largest such cut agreed upon, starting May 1.source
  • 2022October 5 – OPEC+ imposes a production cut of up to 2 million barrels per day.source
  • 202321 December - Angola leaves OPEC after disagreements about crude oil production quotas. The price of oil falls by over $1 as a result.source

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