7 Jan 1960 Jahr - OPEC Created

Beschreibung:

Organization of Oil Producing Countries
13 Oil producing countries united to form a cartel controlling oil production. These countries nationalized their oil production (taking it away from foreign companies) and decided to work together to maintain prices by controlling the supply. After a major worldwide gas-crisis in the late 1970s and 80s, other countries stepped up their oil production in order to become less reliant on OPEC.

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