Baghdad Conference
E44080
The Baghdad Conference was the 1960 meeting in Iraq where major oil-producing countries agreed to establish the Organization of the Petroleum Exporting Countries (OPEC).
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf |
founding conference
ⓘ
international conference ⓘ |
| alsoKnownAs | OPEC founding conference ⓘ |
| category |
1960 conferences
ⓘ
20th-century diplomatic conferences ⓘ Diplomatic conferences in Iraq ⓘ Petroleum politics ⓘ |
| chronology | preceded the formal registration of OPEC in 1961 ⓘ |
| city | Baghdad ⓘ |
| continent | Asia ⓘ |
| country | Iraq ⓘ |
| endDate | 1960-09-14 ⓘ |
| field |
energy policy
ⓘ
international economic relations ⓘ petroleum industry ⓘ |
| founded |
OPEC
ⓘ
surface form:
Organization of the Petroleum Exporting Countries
|
| hasEffect |
establishment of a permanent intergovernmental oil organization
ⓘ
increased collective bargaining power of oil-exporting countries ⓘ |
| hasParticipant |
Iran
ⓘ
Iraq ⓘ Kuwait ⓘ Saudi Arabia ⓘ Venezuela ⓘ |
| languageOfWorkOrName |
Arabic
ⓘ
English ⓘ |
| location |
Baghdad
ⓘ
surface form:
Baghdad, Iraq
|
| numberOfFoundingStates | 5 ⓘ |
| organizedBy | governments of major oil-exporting countries ⓘ |
| partOf |
history of OPEC
ⓘ
history of the petroleum industry ⓘ |
| pointInTime | September 1960 ⓘ |
| purpose |
coordination of petroleum policies among major oil-producing countries
ⓘ
to ensure a regular supply of petroleum to consuming nations ⓘ to obtain a fair return on capital for investors in the oil industry ⓘ to secure fair and stable prices for petroleum producers ⓘ |
| result |
Baghdad Agreement
ⓘ
creation of the Organization of the Petroleum Exporting Countries ⓘ |
| significance |
founding meeting of OPEC
ⓘ
turning point in relations between oil-producing countries and international oil companies ⓘ |
| startDate | 1960-09-10 ⓘ |
| topic |
crude oil pricing
ⓘ
oil production quotas ⓘ petroleum policy ⓘ sovereignty over natural resources ⓘ |
| year | 1960 ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.