Major Oil Exporting Countries OPEC. International law and International relations CSS LLB LLM

CSS LLM LLB MBA CA ICMA MCOM

[osamasoomro]

Great explanation, sir! Your breakdown of OPEC's role in the global oil market and its influence on pricing is both clear and informative. I particularly appreciated how you explained its founding in 1960 and how it unites major oil-exporting countries to stabilize markets. The discussion on member nations and their collective decisions to balance supply and demand was very insightful. It’s fascinating to see how OPEC impacts global economies and energy policies. Perfect for anyone looking to understand the basics of this vital organization. Looking forward to more such detailed and informative videos.

[waseemaliabro]

Opec group was created to monitor the stability and prices of of the petroleum market and founded in 1960

[adv.tahirnawaz]

OPEC is a cartel group of 13 major oil-producing nations aiming to coordinate production and influence global oil prices.
It was founded in 1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela.
Its mission is to secure fair and stable prices for petroleum producers, efficient supply, and fair return on investment.
It holds significant control over global oil supply, impacting prices and economies worldwide.
However, it is faced with some challenges in the likes of Internal disagreements, declining influence due to rising alternative energy sources and geopolitical tensions. Tahir Nawaz. LM-0418, LLM-1

[kanwalshaikh]

OPEC is an intergovernmetal organization, founded formed in sepetmeber 1960 in baghdad by 5 founding member that are kuwait, Iran, Saudi Arabia, Venezualla and Iraq, its head quarter is ate Vienna Austria there are 13 members countries who run their secretriat actually coordinates, consolidates policies regarding petrol production among member nations, promises stable market.
The main goal is to maintain the rates of oil at a profitable level where the member nations earn good income without any interruptio in supply

[ambreensuleman]

Very well explained Sir OPEC stands for the Organization of the Petroleum Exporting Countries. It is an intergovernmental organization consisting of 13 oil-producing countries. OPEC's main goal is to coordinate and unify the petroleum policies of its member countries to ensure stable oil prices and a steady supply of oil to the global market. The organization plays a significant role in influencing global oil prices and production levels. LL.M 0419

[advocatesikandarali]

very good informative video sir👍🏼
Opec is an intergovernmental organization. It was created in baghdad in sep. 1960 by KISVI countries. Its main purpose is to maintain petrolium prices & stable & efficient. NAQVI-CAGES-LUKS are its members. Ecuador and Indoneshia left the orgination in 2020 and 2016.

LM-0463

[shaizeali]

Roll No 0441
Sir, very informative lecture.
OPEC stands for the Organization of the Petroleum Exporting Countries. It's an international organization comprising countries with significant oil reserves who come together to coordinate and influence the global oil market.

The 12 member countries of OPEC are:

* **Algeria**
* **Angola** (recently rejoined in 2023)
* **Congo** (joined in 2018)
* **Equatorial Guinea** (joined in 2017)
* **Gabon** (originally left in 1995 but rejoined in 2016)
* **Iran**
* **Iraq**
* **Kuwait**
* **Libya**
* **Nigeria**
* **Saudi Arabia**
* **United Arab Emirates** (UAE)

**Former members:**

* **Qatar** (withdrew in 2019)
* **Ecuador** (left in 2020)
* **Indonesia** (currently suspended, last active in 2016)

These countries together hold a significant portion of the world's proven oil reserves, roughly 79.5% as of 2023.

[syedshershah]

Syed Sher Shah LM-0436

the mission of the Organization of the Petroleum Exporting Countries (OPEC) is to coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry.

[paradise__events__]

Opec is an organization which states that to produce oil and maintain as well. And the price of oil is to maintain in a global market. Thanks sir for addition of knowledge.

[MuhammadAli-vuvn]

Muhammad Ali - LM - 0440

Briefly explained in your friendly way. OPEC, the Organization of the Petroleum Exporting Countries, is an international organization founded in 1960 having following objectives:
Limiting quota for Oil exports to allow other countries to enjoy monetary benefits fairly making efficient supply for consumers, and a fair return on investment
Coordinate and unify petroleum policies among member countries to ensure stable oil prices for producers
Although OPEC countries play a powerful role in global oil market, its future may not be as bright as of now due to Climate Change to control emmision to net-zero globaly by 2050.

[AmirHussain-twgj]

LM-0430 (AMIR HUSSAIN CHANA)
Major oil-exporting countries, often members of the Organization of the Petroleum Exporting Countries (OPEC), wield significant influence in international law and relations. OPEC nations, including Saudi Arabia and Iran, shape global energy policies, impacting economic and geopolitical landscapes. Their actions, such as production quotas and pricing decisions, trigger ripple effects worldwide. The nexus between international law and OPEC's market dynamics involves complex negotiations, agreements, and occasional disputes. In the fields of CSS (Central Superior Services), LLB (Bachelor of Laws), and LLM (Master of Laws), scholars analyze how OPEC's activities navigate legal frameworks, influencing state behavior and global energy security paradigms within the realm of international relations.

[syedawaisali]

OPEC is an organisation of 12 major oil producing countries, including Saudi Arabia, Iraq, Iran, Kuwait, and Venezuela. It was created in Baghdad in September 1960. The headquarters of OPEC is in Vienna, Austria, where it carries out its day to day businesses. The member countries of OPEC work together to manage the production and pricing of oil.

The goal of OPEC is to keep oil prices stable by working together on how much oil each country should produce.

It aims to protect price fluctuations and protect the country. This way, they try and make sure oil producing countries benefit fairly from selling oil.

The USA is not part of OPEC. This means that it has full control over its own production and supply of oil without any interference from OPEC.

Countries that left OPEC include Ecuador in 2020, Qatar in 2019, Indonesia in 2016, and Angola in January 2024.

Member countries of OPEC are:
Algeria, Nigeria, Iran, Iraq, Kuwait, Libya, Saudi Arabia, UAE, Venezuela, Congo, Gabon, and Equatorial Guinea.

[rehanahmedkolachi]

OPEC-CCP-PPO

OPEC (Organization of petroleum exporting countries) coordinates and consolidates policies for production of petroleum and output within its member states

OPEC was founded in september, 1960, in Baghdad.

Founding members of OPEC were KISIV
K. Kuwait
I. Iran
S. Saudi Arabia
I. Iraq
V. Venezuela

Basic purpose of OPEC is classified as under that is to say
-Stabilize oil prices

-Ensure fair return on investment for oil producers

-Promote cooperation among member countries


The Basic functions of OPEC are as under.

1. Setting oil production quotas
2. Monitoring oil market trends
3. Coordinating pricing strategies.

Secretariat (administrative body) which formulates policies and executes.

Head quarter of OPEC is in
Vienna, Austria.

[Fatty]

OPEC (Organization of the Petroleum Exporting Countries) is an intergovernmental organization of oil-producing countries that coordinates and unifies the petroleum policies of its member states. It was established to ensure the stabilization of oil markets and to secure a steady supply of petroleum to consumers, a fair return for investors, and income for oil-producing nations.

Fatima

[mubeenhussain]

Sir Pakistan should have to make strong diplomatic ties with OPEC: because as i got from this video that the OPEC countries are trying to create Monopoly and limit the production.
MUBEEN HUSSAIN
LM:0420
LLM.I

[waseemaliabro]

OPEC is coordinatea and consolidates about petroleum production

[Aadil.Hussain]

Aadil Hussain LM 0443
In this vedio there is everybm thing about OPEC its organization of petroleum exporting countres
All oil exporting countries are not necessary to be its part
It has 13 members and founding members are KISVI
Kuwait iran saudi venuzela and iraq
Its object is to make oil price fixed and maintain fixed quanity in order to prevent loss
Headquaters of organization are in venia austria whrre the opec secrtriat and executive organ carries out opecs day to bussiness
OPEC main goal is to maintain oil prices at a profitable levels for its members
America pakistan india are not its part qatar indonesia withdrew their membership its memebers are
NAQVI CAGES LUKS