ordinate and unify petroleum policies among Member Countries, in order to secure fair and stable prices for petroleum producers; an efficient, economic and regular supply of petroleum to consuming nations; and a fair return on capital to those investing in the industry. The OPEC was established as an inter-governmental organization based on the international law and in accordance with article 102 of the United Nations Charter. The OPEC was registered at the secretariat of the UN on November 6, 1962 under number 1363. OPEC is not a commercial establishment and doesn't enter in material/commercial transactions. The Secretary General of the organization is the legal person responsible for its operations. Its staff are international civil employees. --MORE
