AIMS/OBJECTIVES OF OPEC

  1. To coordinate, unify and secure a common petroleum policy among member states.
  2. To fight for the interest of member states either collectively or individually.
  3. To help secure high stability in oil prices in the international market.
  4. To control the production level of member states in order to ensure that the oil is not excessively produced.
  5. To ensure an efficient and uninterrupted supply of petroleum products to consuming nations
  6. To ensure the better and suitable market for oil produced by member state.
  7. To raise funds for the development of the economy of member states.

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