On 9 January 1968, three of the then–most conservative Arab oil states — Kuwait, Libya, and Saudi Arabia — agreed at a conference in Beirut, Lebanon to found the Organization of Arab Petroleum Exporting Countries, aiming to separate the production and sale of oil from politics in the wake of the halfhearted 1967 oil embargo in response to the Six-Day War.
Den 9. januar 1968 enedes tre af de (dengang) mest konservative arabiske oliestater,Kuwait, Libyen og Saudiarabien i Beirut om at danne OAPEC, med det formål at adskille produktion og salg af olie fra politik, ovenpå den halvhjertede olieembargo i 1967 efter Seksdageskrigen.