Over its fifty-year history, OPEC has held three separate Summits of Heads of State and Government of its Member Countries. The First Summit was held in Algiers (Algeria) in 1975. The Second Summit was held in Caracas (Venezuela) in 2000. The Third Summit was held in Riyadh (Saudi Arabia) in 2007.
These Summits were held in order to discuss issues of global importance and establish guidelines for the Organization’s policies. Each Summit concluded with the issuing of a Solemn Declaration in which principles were set out to guide the future work of the Organization.
These principles have focused on the issues poverty; the environment; and the inherent sovereignty of OPEC Member Countries over their natural resources.
View the OPEC Solemn Declarations here.