OPEC Aims

Article 2 (sections A/B/C) of OPEC's statute, delineates the aims and objectives of the Organization:

A) The principle aim of the Organization shall be the co-ordination and unification of petroleum policies of the Member Countries and the determination of the best means for safeguarding their interests individually and collectively.

B) The Organization shall devise ways and means of ensuring the stabilization of prices in international oil markets with a view to eliminating harmful and unnecessary fluctuations.

C) Due regard shall be given at all times to the interests of the producing nations and to the necessity of securing a steady income to the producing countries; an efficient, economical and regular supply of petroleum to consuming nations; and a fair return on their capital to those investing in the petroleum industry.

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