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Guide to the Giuliano Garavini Collection AD.MC.038

AbuDhabi


New York University Abu Dhabi Library

Collection processed by Brad Bauer

This finding aid was produced using ArchivesSpace on December 26, 2019
eng using Describing Archives: A Content Standard

Content Description

The Guiliano Garavini collection consists of digital copies of meeting minutes of OPEC Conference meetings, with other selected attached documents, beginning with the first conference in 1960, and extending through the 80th meeting of the Conference, in December 1986. Includes copies of OPEC resolutions and press releases dating from 1960 to 1997. Digital copies exist as PDF files. Files were obtained by Garavini during the research and writing of his book, "The Rise and Fall of OPEC in the Twentieth Century."

The minutes of the meetings, arranged chronologically by meeting date, show the evolution of the organization and development of its policies, as it dealt with questions of how best to maximize the position of its member states as oil producers in the developing world in response to consumer demand from industralized nations. From the earliest meetings, topics represented included attempts to coordinate pricing of crude oil, how to address the question of price differentials by type of crude and region where it was produced, the nationalization of oil companies in some member states, the role of national oil companies in member states in response to outside oil companies, and whether to set production ceilings applicable to all member states, in order to strengthen the position of member states and to stabilize prices to their benefit, among other recurring issues.

The challenges faced by the cartel are documented these minutes through events and trends that members responded to, such as competition from increasing production by non-member nations (such as that from the development of North Sea oil fields by Norway and the United Kingdom in the 1970s), the oil embargo in response to the Arab-Israeli war of 1973, the devaluation of the U.S. dollar (the currency in which crude oil was priced and traded), fluctuating consumer demand, inflation, and other economic trends.

Arrangement

The collection is arranged largely in chronological order, with minutes of meetings and related documents having been placed in one of five series by date: 1960-1969, 1970-1975, 1976-1980, 1981-1985, and 1986. An additional folder contains copies of two published compilations of press releases and statements issued by OPEC between 1960 and 1997.