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Saudia Arabia opec OPEC oil reserves OPEC oil crisis
The organization that is known as OPEC is the Organization of Petroleum Exporting Countries. This organization has a goal of producing steady income for countries that are members of OPEC.
Middle East
OPEC stand for ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES. THE MEMBERS OF OPEC ARE FOLLOWING: 1 SAUDI ARABIA 2 KUAIT 3 IRAN 4 IRAQ 5 UAE 6 LIBYA
The purpose of OPEC for members is to "coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry." OPEC members collectively supply about 43.5% of the world's crude oil production. Together, OPEC members control about 81.9% of the world's total proven crude reserves.
Venezuela and Ecuador are the only OPEC members in Latin America.
There are twelve members in OPEC: Algeria Angola Ecuador Iran Iraq Kuwait Libya Nigeria Qatar Saudi Arabia UAE Venezuela Gabon and Indonesia used to be members of OPEC but left in 1994 and 2009.
Saudia Arabia opec OPEC oil reserves OPEC oil crisis
The organization that is known as OPEC is the Organization of Petroleum Exporting Countries. This organization has a goal of producing steady income for countries that are members of OPEC.
The organization that is known as OPEC is the Organization of Petroleum Exporting Countries. This organization has a goal of producing steady income for countries that are members of OPEC.
Iran, Iraq, Saudi Arabia, and Nigeria are all members of OPEC.
Middle East
No. OPEC Members are all oil producing countries. Germany is not an oil producing country.
This is false. Four OPEC members are non-Arab countries.
Saudi Arabia joined opec in 1960 it was one of the founding members
Not all Southwest Asian countries are part of OPEC but over half of OPEC's membership comes from Southwest Asia and a good number of Southwest Asian countries are OPEC members.
IraqKuwaitIranSaudi ArabiaVenezuelaLibyaUnited Arab EmiratesQatarAlgeriaNigeriaEcuadorAngola