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Algeria , Angola , Ecuador , Iran , Iraq , Kuwait , Libya , Nigeria , Qatar , Saudi Arabia , the United Arab Emirates and Venezuela.

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What is the organization known as 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.


What organization is known as 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.


What does the acronym OPEC mean?

The Organization of the Petroleum Exporting Countries (OPEC) is a cartel of twelve developing countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.9th grade students who are researching OPEC should NOT be using this source. Miss H can see you.OR:OPEC is an international organization whose members work to influence the price of oil on world markets by controlling the supply.


Which geographic has the greatest number of member in organization of petroleum exporting countries?

The Middle East region has the greatest number of members in the Organization of Petroleum Exporting Countries (OPEC). Countries like Saudi Arabia, Iraq, Iran, and the United Arab Emirates are some of the largest oil-producing nations and members of OPEC from this region.


Two South American countries are members of OPEC?

Ecuador and Venezuela are the two South American countries that are members of OPEC (Organization of the Petroleum Exporting Countries). They are also the only South American countries that are full members of the organization.


What does acronym OPEC stand for?

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.


Is Chile a member of OPEC?

No. Although Mexico is a major oil exporting country, it does not belong to the OPEC (Organization of the Petroleum Exporting Countries).


The organization that decides how much oil produce is called?

The organization that decides on oil production levels is called the Organization of the Petroleum Exporting Countries (OPEC). It is a group of oil-producing countries that coordinate on policies to stabilize oil markets and ensure a steady income for its members.


Is it true that the organization of petroleum exporting countries has members outside of the middle east?

Yes. OPEC includes the following members (those in bold are outside of the Middle East and North Africa):AlgeriaAngolaEcuadorIranIraqKuwaitLibyaNigeriaQatarSaudi ArabiaUnited Arab EmiratesVenezuela


What region of the world has the greatest number of nations belonging to the organization of petroleum exporting countries?

The region with the greatest number of nations belonging to the Organization of the Petroleum Exporting Countries (OPEC) is the Middle East. This region includes several key OPEC members, such as Saudi Arabia, Iraq, Iran, and the United Arab Emirates. These countries are significant producers of oil and play a crucial role in the global petroleum market. Additionally, OPEC's influence is largely derived from the concentration of oil reserves in this region.


Who are the members of the OPEC board?

There are eleven members of OPEC or Organization of the Petroleum Exporting Countries. The five founding members are Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. The other members are the United Arab Emirates, Algeria, Nigeria, Libya, Qatar, Ecuador, and Angola.


What is the difference between OPEC and the EU?

OPEC is the Organization of Petroleum Exporting Countries. OPEC deals with all the exported oil/Petroleum going in and out of countries. They control the price of oil/petroleum. EU is the European Union. The European Union deals with the economic problems, and other problems of it's members. It's also to create a common currency.