Latin American Energy Organization
Organización Latinoamericana de Energía
The OLADE is an intergovernmental organization created within the context of the international energy crisis of the early seventies, whose scope and impact was analyzed by the Latin America and the Caribbean countries. These countries lacked energy policies and needed to handle this crisis. Thus, they began an intense political mobilization process that came to an end on November 2, 1973 with the signing of the Lima Agreement, the constituent instrument of the Organization, ratified by 26 countries in Latin America and the Caribbean.
Its flag is white with its logo in the middle of the flag, consisted of its blue abbreviation and its full Spanish name under it.