| Organization Of Petroleum Exporting Countries |
Article Index for Organization Of |
Website Links For Organization |
Information AboutOrganization Of Petroleum Exporting Countries |
| CATEGORIES ABOUT ORGANIZATION OF THE PETROLEUM EXPORTING COUNTRIES | |
| international energy organizations | |
| petroleum | |
|
The Organization of the Petroleum Exporting Countries ('''OPEC''') is made up of Algeria , Indonesia , Iran , Iraq , Kuwait , Libya , Nigeria , Qatar , Saudi Arabia , the United Arab Emirates and Venezuela ; since 1965 its international headquarters have been in Vienna , Austria . The principal aim of the Organization, according to its Statute , is "the coordination and unification of the Petroleum policies of member countries and the determination of the best means for safeguarding their interests, individually and collectively; [devising ways and means of ensuring the stabilization of prices in international Oil Markets with a view to eliminating harmful and unnecessary fluctuations; due regard at all times to the interests of the producing nations and to the necessity of securing a steady income to the producing countries; an efficient, economic and regular supply of petroleum to consuming nations, and a fair return on their capital to those investing in the petroleum industry." 1 MEMBERSHIP |
|
|