journal of sustainable studies joss
Prof. Ahmed Sabri Shaker Al-Khikani
The Researcher Afrah Mahdi Saleh
University of Dhi Qar، College of Education for Humanities
Abstract:
Oil is one of the Economic Resources that have great importance، as it is a commodity with a direct impact in shaping the economic scene، as it is of strategic importance to the producing and exporting countries in general، and to Libya in particular، so oil is an important means to achieve economic growth، because it has the ingredients that greatly help in developing Because it is an important source of financial returns necessary to carry out the process of economic development in all of its productive sectors. Thus، economic growth is closely related to the development of the oil industry، it is the most important energy in the course of economic activity، and in order to ensure maximum benefit. This important energy in activating and sustaining the economies of the world’s oil-renting countries، resources that were not among the active players in the industrial field. Five countries in September 1960 in Baghdad، Iraq، Kuwait، Iran، Saudi Arabia and Venezuela، established the Organization of Petroleum Exporting Countries (OPEC)، with the aim of ensuring quotas Individual and collective production and maintaining its price in the international market. In the face of this guarantee، Libya joined OPEC in 1962، and since the Libyan economy is a rentier economy that depends on its financing on a natural، enforceable source، it has an impact on its economy، Libya’s entry into the Organization of Petroleum Exporting Countries OPEC in April 1962 led to changes in its oil policy. This year marked an important turning point in Libya’s economic development because it entered the world of production and export، The importance of oil has increased in strengthening the economy of the Libyan ، by the revolution of September 1، 1969، to mark the beginning of the Republic’s era with the arrival of the contract Muammar Gaddafi to power، and this revolution had a prominent impact in shaping OPEC’s policy in The seventies.
key words : Adesione، Libia، OPEC، politica petrolifera).