Organization of Arab Petroleum Exporting Countries (OAPEC)

The Organization of Arab Petroleum Exporting Countries (OAPEC) is a regional trade alliance established in 1968 by Arab members who export oil. Its purpose is to coordinate and unify energy policies among member countries, promote collaboration, and safeguard their shared economic interests. OAPEC also works to stabilize global oil markets, support economic development, and facilitate information sharing on energy issues. Comprising mainly Arab Gulf nations, the organization plays a key role in shaping oil production strategies to influence global supply and prices, benefiting its members and contributing to regional economic stability.