How many nations attend the initial meeting for OPEC?

Venezuela and Ecuador are the only OPEC members in Latin America.

OPEC wants gas prices to be higher so that its member nations can profit more from oil.

OPEC nations account for two-thirds of the world's oil reserves. Other entities include Mexico and the North Sea area. ChaCha!

OPEC stands for the Organization of Petroleum Exporting Countries - a sort of coalition of nations that all consistently export oil. OPEC was founded at a meeting on September 14, 1960 in Baghdad, Iraq by five founding members: Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. Since then Qatar (1961), Indonesia (1962), Socialist People's Libyan Arab Jamahiriya (1962), United Arab Emirates (1967), Algeria (1969), and Nigeria (1971) have joined the organization.

The OPEC nations dramatically raised oil prices.

OPEC does not produce oil/oil products, it is a governing agency. OPEC is a permanent intergovernmental organization of 12 oil-exporting developing nations that coordinates and unifies the petroleum policies of its Member Countries.

All Arab nations that export oil are members of OPEC. When the US supported Israel in the Yom Kippur War (as to offset USSR's supplies to the Arab states) OPEC declared an oil embargo on the US..

The Organization of the Petroleum Exporting Countries (OPEC) is made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. Henceforth, any country that is not one of those is not part of the OPEC.

The Organization of Petroleum Exporting Countries - OPEC - was formed at the 1960 Baghdad Conference. Of the 12 current member countries, five created the organization. These were Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. Now, with the addition of Qatar, Libya, the UAE, Algeria, Nigeria, Angola and Ecuador, OPEC nations own almost 80% of the world's crude oil.

OPEC nations have increased the price of oil in the last few years, but this is a market that fluctuates daily. The price of crude oil in the United States has several other factors like supply and demand that determine price.

The countries of Iraq, Kuwait, Iran, Saudi Arabia, and Venezuela founded OPEC in September of 1960. Venezuela is the only founding country that isn't Middle Eastern.

Saudia Arabia opec OPEC oil reserves OPEC oil crisis

OPEC - The Organization of the Petroleum Exporting Countries

Yes, Russia is one, they produce oil and gas.

2.Japan, 3. The United Kingdom, 4. OPEC Nations.

where is the head quarter of opec

What are the organs of opec

Well OPEC is consisted of nations that have high amount of petroleum (OPEC stands for Organization of the Petroleum Exporting Countries) and considering the US gets a significant amount of oil from countries like Saudi Arabia they can change the prices per barrel and this would effect how much gas cost at your local gas station.

OPEC is an organisation, not a place, so no country is located in it. Egypt is not a member of OPEC.

The OPEC oil embargo was a serious attempt to badly damage the economies of many foreign oil dependent nations. In the US ordinary citizen drivers had to use odd and even numbered license plates to line up at gasoline stations. It was effective in the short run for OPEC nations.

The following countries produce more than 1% of the world's petroleum and are listed from most to least percentage: Country Percent of Production Arab or Non-Arab OPEC Member Russia 12.65% Non-Arab Non-OPEC Saudi Arabia 11.28% Arab OPEC United States 10.74% Non-Arab Non-OPEC Iran 4.77% Non-Arab OPEC China 4.56% Non-Arab Non-OPEC Canada 3.90% Non-Arab Non-OPEC Iraq 3.75% Arab OPEC United Arab Emirates 3.32% Arab OPEC Mexico 3.56% Non-Arab Non-OPEC Kuwait 2.96% Arab OPEC Brazil 3.05% Non-Arab Non-OPEC Nigeria 2.62% Non-Arab OPEC Venezuela 2.93% Non-Arab OPEC Norway 2.79% Non-Arab Non-OPEC Algeria 2.52% Arab OPEC Angola 2.31% Non-Arab OPEC Kazakhstan 1.83% Non-Arab Non-OPEC Qatar 1.44% Arab OPEC United Kingdom 1.78% Non-Arab Non-OPEC Azerbaijan 1.20% Non-Arab Non-OPEC Indonesia 1.66% Non-Arab Non-OPEC

No, Sudan is not a member of OPEC.

Opec had its headquater in Geneva and Switzerland

Is Laos is present OPEC?

No, Lebanon is not a member of the OPEC.