Organization of Petroleum Exporting Countries (OPEC)

What is Organization of Petroleum Exporting Countries (OPEC)?

Organization of Petroleum Exporting Countries (OPEC) meaning

established – 14 September 1960

 

aim – to coordinate petroleum policies

 

members – (12) Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, UAE, Venezuela; note – Indonesia left OPEC in 2008

 

 

reference: The World Factbook 2017. Washington, DC: Central Intelligence Agency, 2017. https://www.cia.gov/library/publications/the-world-factbook/index.html