Organization of the Petroleum Exporting Countries (OPEC).

Organization of the Petroleum Exporting Countries (OPEC) is an international organization and cartel consisting of 15 nations, founded in Baghdad, Iraq, in 1960. OPEC has its headquarters in Vienna, Austria. The stated mission of OPEC is to “coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in … Read more

What is a Directive?

The directive is a normative provision of Community law. It binds the States of the Union, or more specifically, the recipient State in the achievement of goals or concrete results within a specified period. However, this leaves to the competent internal authorities the proper choice of the appropriate form and means for this purpose. The … Read more