The last surviving delegate from the conference that founded Opec has died at his home in Abu Dhabi.
After the July 17 Revolution brought hard-line members of the Ba’ath party to power in 1968, he left Iraq for Abu Dhabi, using his expertise to assist in the setting up of the new national oil company in 1971.
60th anniversary of Opec last year, he Interviewed he explained that the organization had been set up “as a response to the price manipulation carried out by oil firms which disregarded the interests of oil-producing countries and their people, the rightful owners of the resources”.
Abdullah Ismail was Iraq’s deputy minister of oil and part of his country’s delegation to the historic 1960 Baghdad Conference that resulted in the formation of the Organisation of the Petroleum Exporting Countries.
Concerned that prices were being driven down by a cartel of oil companies, the Iraq government has invited Iran, Kuwait, Saudi Arabia, and Venezuela — the major oil producers at the time — to Baghdad on September 10, 1960.
The result was a decision to find ways to coordinate prices in a way that benefited the producers, with the second meeting in 1961 that agreed to set up the headquarters of Opec in Vienna and with Iran’s representative, Dr. Fuad Rouhani, as the first Secretary-General.
Abdullah Ismail was Iraq’s deputy minister of oil and part of his country’s delegation to the historic 1960 Baghdad Conference that resulted in the formation of Opec.
“The organization… has played a key role in safeguarding the interests of oil-producing countries and embracing many legitimate rights that were impossible or difficult to acquire before Opec,” Mr. Ismail said.
There he joined diplomat Adnan Pachachi, another Iraqi exile, who was advising on foreign policy.