Word: rouhani
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Dates: during 1960-1969
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Founded in 1960, OPEC now has eight members-Indonesia, Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia and Venezuela-and controls 90% of the world's oil exports. "Oil is the only resource that God gave us," says OPEC's secretary-general, Fuad Rouhani, 56. "We are not so much underdeveloped nations as we are underpaid nations." Having rebuffed the oil industry's big eight (five of which are U.S. companies), OPEC plans a meeting in the Saudi Arabia capital of Riyadh later this month to decide what is next...