OAPEC Formation

In the summer of 1967 (1387 AH), the Kingdom of Saudi Arabia submitted a proposal to both Kuwait and Libya for establishing an Arab organization of petroleum exporting countries.

As a result, and after further studies, the three Arab countries met in Beirut and signed an agreement on January 9, 1968 (1387 AH), initiating the first institutionalized Arab co-operation in the field of petroleum - the Organization of Arab Petroleum Exporting Countries (OAPEC).

It was agreed that Kuwait would be the organization's headquarters.

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Profile of Saudi Arabia

The Country Profile contains thousands of pages of information on every aspect of the Kingdom of Saudi Arabia, including its geography, history and development (political, economic and social).