OPEC Formation and Early Years (1960–1980)

1. Baghdad Conference establishes OPEC

   Sep 14, 1960Labels: Baghdad Conference, OPEC

   • Britannica
   • EBSCO

2. OPEC formally constituted and begins operations

   Jan 1, 1961Labels: OPEC, Intergovernmental Organization

   • Britannica
   • OPEC Statute

3. OPEC adopts its Statute in Caracas

   Jan 1, 1961Labels: Caracas Meeting, OPEC Statute

   • OPEC Statute

4. OPEC registers with the United Nations

   Nov 6, 1962Labels: United Nations, OPEC

   • PetroleumAfrica

5. OPEC headquarters moves to Vienna

   Sep 1, 1965Labels: Vienna, OPEC Headquarters

   • Britannica
   • OPEC Wiki

6. OAPEC is founded alongside OPEC dynamics

   Jan 9, 1968Labels: OAPEC, Arab Producers

   • US Historian
   • OAPEC

7. Caracas meeting sets a 55% minimum tax demand

   Dec 9, 1970Labels: Caracas Meeting, Tax Demand

   • Oil Chronology
   • US Historian

8. Tehran Agreement raises posted prices and tax rates

   Feb 14, 1971Labels: Tehran Agreement, Persian Gulf

   • US Historian
   • AGDA

9. OPEC unilaterally raises prices amid October war

   Oct 16, 1973Labels: October War, Posted-Price Increase

   • Britannica
   • GeoExpro

10. Arab oil embargo begins and tightens supply

    Oct 17, 1973Labels: Arab Oil, Supply Cuts

    • History com
    • Britannica

11. First OPEC Summit issues Algiers Solemn Declaration

    Mar 6, 1975Labels: Algiers Summit, OPEC Heads

    • US Historian
    • OPEC

12. OPEC members create the OPEC Special Fund

    Jan 28, 1976Labels: OPEC Special, Development Finance

    • OPEC Fund
    • OPEC Fund Wiki

13. OPEC ends price freeze with scheduled 1979 increases

    Dec 17, 1978Labels: Abu Dhabi, Price Increases

    • WashingtonPost
    • CIA FOIA

14. OPEC Fund becomes a permanent development institution

    May 1, 1980Labels: OPEC Fund, International Development

    • OPEC Fund Wiki
    • OPEC Fund Agreement