Kian Petroleum Company is an international specialized petrochemical company producing various petroleum products such as diesel , brent crude , opec , etc.
OPEC
The Organization of the Petroleum Exporting Countries is an intergovernmental organization of 13 nations. Founded on 14 September 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), it has since 1965 been headquartered in Vienna, Austria. As of September 2018, the 13 member countries accounted for an estimated 44 percent of global oil production and 81.5 percent of the world’s “proven” oil reserves, giving OPEC a major influence on global oil prices that were previously determined by the so-called “Seven Sisters” grouping of multinational oil companies. A larger group called OPEC+ was formed in late 2016, to have more control on global crude oil market. Due to the COVID-19 pandemic the demand for OPECoil has fallen to a 30-year low in second quarter of 2020
The current OPEC members
The stated mission of the organization is to “coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets, in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry. The organization is also a significant provider of information about the international oil market. The current O P E C members are the following: Algeria, Angola, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, the Republic of the Congo, Saudi Arabia (the De facto leader), the United Arab Emirates and Venezuela. Former OPEC members are Ecuador, Indonesia and Qatar
OPEC’s role in the global oil market
The formation of OPEC marked a turning point toward national sovereignty over natural resources, and OPEC decisions have come to play a prominent role in the global oil market and international relations. The effect can be particularly strong when wars or civil disorders lead to extended interruptions in supply. In the 1970s, restrictions in oil production led to a dramatic rise in oil prices and in the revenue and wealth of OPEC, with long-lasting and far-reaching consequences for the global economy. In the 1980s, OPEC began setting production targets for its member nations; generally, when the targets are reduced, oil prices increase. This has occurred most recently from the organization’s 2008, and 2016 decisions to trim oversupply
Economists often cite OPEC as a textbook example of a cartel that cooperates to reduce market competition, but one whose consultations are protected by the doctrine of state immunity under international law. In December 2014, “OPEC and the oil men” ranked as on Lloyd’s list of “the top 100 most influential people in the shipping industry.However, the influence of OPEC on international trade is periodically challenged by the expansion of non-OPEC energy sources, and by the recurring temptation for individual OPEC countries to exceed production targets and pursue conflicting self-interests
In October 2019 , Saudi Arabia invited Brazil to join O P E C.The president of Petrobras , Roberto Castello Branco , in an interview in New York , said that being a member of O P E C is not an option currently considered by the Brazilian federal government
Dear Company
Good Day
We are pleased to introduce kian petroleum co. as one of the petrochemical & Fuel trading established in Iran
The company is ready to provide a variety of services with experienced personnel in its head office in yazd
If we receive your inquiry, we will do our utmost to provide competitive rates and favorable service
Our goal is to offer
Best Quality
Unbeatable Cost
Money Back Guarantee
Fastest Shipping
Lifetime Customer Service
Everlasting relationship
We love what we do. No matter what item we are dealing in, we try our best to provide our customers with the best quality products and services. We feel very proud with our customers’ responses. We like nothing more than to hear from our customer and invite them to reach us any time
Leading Producers of white sprite, white oil , gasoline and other petrochemical materials can supply for you
We are open to any business negotiation
Don’t hesitate to ask any relevant question about our company and business
Kianpetroleum.co
🏢:paknejad Blvd.Yazd.Iran
www.kianpetroleum.com
Info@kianpetroleum.com
https://t.me/kianpetroleum
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