• ORGANISATION OF PETROLEUM EXPORTING COUNTRIES
    GOVERNMENT

    ORGANISATION OF PETROLEUM EXPORTING COUNTRIES

    The Composition and History The Organisation of Petroleum Exporting Countries (OPEC) is made up of 13 member states mostly developing nations of the world and it was founded in Baghdad, Iraq in 1960.   ORIGIN OF OPEC The formation of OPEC was essentially a reaction to the exploitative tendencies of multi-national companies involved in oil exploration. So, in 1960, some oil producing countries came together as a way of protecting their interest and formed OPEC. Some countries later joined the cartel to increase membership e.g. Libya 1962, Algeria 1969, Nigeria 1971, Qatar 1961. The founding nations were Iraq, Iran, Saudi Arabia, Kuwait, and Venezuela. Currently, there are 13 member states…

  • THE AFRICAN UNION (AU)
    GOVERNMENT

    THE AFRICAN UNION (AU)

    Historical perspective The 37th summit of the Organisation of African Unity (OAU) held between the 9th 13th of July, 2001 was the last summit of the 38-year-old organization. It also marked the birth of a new organization, known as the African Union (AU) which was adopted by 50 of the 53 member countries. Consequently, on Monday, 8th July, 2002, African leaders formally marked the end of the Organization of African Unity and the birth of African Union in its place. Forty of the continent’s 53 presidents, heads of government and monarchs gathered in Durban, South Africa, to inaugurate the new union.   Characteristics The new union is to be people-oriented.…

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