OPEC Charter

The OPEC Charter refers to the foundational document of the Organization of the Petroleum Exporting Countries (OPEC), established in 1960. Its main goal is to coordinate and unify petroleum policies among member countries to ensure stable oil markets, secure fair pricing, and maintain efficient supply. By doing so, OPEC aims to protect the interests of both oil-producing nations and consumers. The Charter emphasizes cooperation among members and promotes sustainable development in the oil sector, balancing economic growth with environmental stewardship.