13 Member Countries
This means that, currently, the Organization has a total of 13 Member Countries. The OPEC Statute distinguishes between the Founder Members and Full Members – those countries whose applications for membership have been accepted by the Conference.
What states are members of OPEC?
The current OPEC members are the following: Algeria, Angola, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, the Republic of the Congo, Saudi Arabia (the de facto leader), the United Arab Emirates and Venezuela. Former OPEC members are Ecuador, Indonesia and Qatar.
Is United States in OPEC?
The United States is not part of OPEC. This means that the country has control over its own production and supply without any interference from the organization.
How many member countries are there in OPEC?
This means that, currently, the Organization has a total of 14 Member Countries. The OPEC Statute distinguishes between the Founder Members and Full Members – those countries whose applications for membership have been accepted by the Conference.
Where does OPEC get most of its oil from?
The Organization of the Petroleum Exporting Countries (OPEC) is a bloc of fourteen oil-rich member states spanning the Middle East, Africa, and South America. Combined, the group controls close to forty percent of world oil production.
Where did the Statute of OPEC come from?
The Organization of the Petroleum Exporting Countries (OPEC) has a Statute which was adopted by a unanimous decision of its Founder Members under Resolution II.6 at its second meeting held in January 1961 in Caracas, Venezuela.
Where was the original location of the OPEC headquarters?
The Middle Eastern members originally called for OPEC headquarters to be in Baghdad or Beirut, but Venezuela argued for a neutral location, and so the organization chose Geneva, Switzerland. On 1 September 1965, OPEC moved to Vienna, Austria, after Switzerland declined to extend diplomatic privileges.
