OPEC’S Mission:
1. To coordinate oil policies in its member countries.
2. Help stabilise oil markets.
3. To secure fair and stable income to petroleum producers.
4. An efficient, economic and regular supply of oil to consuming nations.
5. A fair return on capital to those investing in the petroleum industry.
How does OPEC help other countries?
1. The OPEC, fund for International Development (OPID) is an institution that help finance projects with low interest loans.
2. It also provides grants to social and humanitarian projects..
3. OPEC has an information centre with over 20,000 volumes including books reports, maps and conference, proceedings related to petroleum energy and the oil markets.
4. The information centre is open to the public and is often used by researchers and students.
