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