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.
Who is the head of OPEC?
HE Abdalla Salem El-Badri
The present incumbent is HE Abdalla Salem El-Badri of Libya, who has been in charge since 2007. The Secretary General, with the support of his staff in the Secretariat, significantly contributes to the development of the Organization through the execution of its policies and the propagation of its cause over the years.
Is the US a member of 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.
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.
What are the departments of the OPEC secretariat?
The Research Division comprises Data Services, Petroleum Studies and Energy Studies departments. The Support Services Division includes Public Relations & Information, Finance & Human Resources and Administration & IT Services departments. The Secretariat was originally established in 1961 in Geneva, Switzerland.
How many oil producing countries are there in OPEC?
The Organization of Petroleum Exporting Countries (OPEC) is an intergovernmental organization made up of 14 oil-producing states.
Who are the current and former members of OPEC?
Former OPEC members are Ecuador, Indonesia and Qatar. The formation of OPEC marked a turning point toward national sovereignty over natural resources, and OPEC decisions have come to play a prominent role in the global oil market and international relations.
