28 August 2011
Tehran - Iran's governor for Organization of Petroleum Exporting Countries (OPEC) said here Sunday that the Islamic Republic of Iran is playing effective and active role in that organization. Speaking to IRNA, Mohammad-Ali Kahtibi Tabatabaei said Iran is the second major producer and exporter of oil at the OPEC.

OPEC is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10-14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. The five founding members were later joined by nine other members.

OPEC's objective is to coordinate and unify petroleum policies among member countries in order to secure fair and stable prices for petroleum producers.

© IRNA 2011