The Organization of Arab Petroleum Exporting Countries or OAPEC is a multi-governmental organization headquartered in
Kuwait which coordinates energy policies in Arab nations, and whose main stated purpose is developmental.On
January 9,
1968 three of the (then) most conservative Arab oil states
Kuwait,
Libya and
Saudi Arabia agreed in
Beirut to found OAPEC, aiming to separate oil production and sale from politics in the wake of the halfhearted
1967 oil embargo related to the
Six Day War. Such use of the oil weapon in the struggle against
Israel had been regularly proposed at Arab Petroleum Congresses, but it took this war for it to happen. However, Saudi Arabia's oil production was up 9 or that year, and the main embargo lasted only ten days and was completely ended by the
Khartoum Conference.
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