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The Organization of the Oil Producing Countries (OPEC) was formed in 1960 by founding members:
- Iran
- Iraq
- Kuwait
- Saudi Arabia
- Venezuela
The following countries have since been added to the membership:
- Qtar in 1961
- Indonesia and Libya in 1962 (Indonesia suspended membership as of 2009)
- The United Arab Emirates in 1967
- Algeria in 1969
- Nigeria in 1971
- Ecuador in 1973
- Gabon in 1975 (terminated membership in 1995)
- Angola in 2007
OPEC currently has 12 member countries.
What else can I help you with?
Full form of OPEC?
Organization of petroleum exporting countries.
What is the full form of OPEC?
Organization of the Petroleum Exporting Countries.
What is the standard form of OPEC?
Organization of the Petroleum Exporting Countries
What is full form of OPEC?
Organization of petroleum exporting countries.
Is OPEC a noun?
OPEC is an acronym. An acronym is an abbreviated form of a term of two or more words. The acronym OPEC is a shortened form of Organization of Petroleum Exporting Countries, which represnts (currently 14) oil producing countries. The acronym OPEC functions in a sentence as a noun, a word for a thing.
Why did the oil exporting countries form OPEC and what effects did the subsequent rise in oil prices in the 1970s have on the Third World?
the oil exporting countries of the middle east formed OPEC in 1960 because of the Suez crisis and the oil prices rose as production decreased
What organization helped form the country of Israel?
Well, Herzel founded Israel.
Is France an Eu country?
YES it is one of the first countries to form the organization that developed into the EU
What is the full form of UNO?
The full form of UNO is United Nations Organization. It is an international organization founded in 1945 to promote peace, security, and cooperation among countries.
What is the full form of OPEC of Saudi Arabia?
ollu patha e chutiya
What organization did the US form to protect smaller countries?
The United Nations was set up after WW2 to prevent future wars and protect smaller countries.
Why did the us canade and most western European countries form the north Atlantic treaty organization?
To establish a defence alliance against the Eastern Bloc countries.
