Organization of the Petroleum Exporting Countries (OPEC)

Organisation des pays exportateurs de pétrole (OPEP)
Organización de Paises Exportadores de Petróleo (OPEP)
Organisation der Erdölexportierenden Länder

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Established 10-14 Sep 1960, Baghdad (Iraq), at conference of government representatives, following initiatives of Venezuela, 1949, when cooperation was established with Iran (since 1979 reconstituted as Islamic Republic of Iran), Iraq, Kuwait and Saudi Arabia; and subsequent resolutions of First Arab Petroleum Congress, 1959, Cairo (Egypt). Statutes approved at 2nd Conference, 15-21 Jan 1961, Caracas (Venezuela). In accordance with a Resolution of 8th Conference, 5-10 Apr 1965, Headquarters moved to Vienna (Austria), 1 Sep 1965. Agreement in accordance with Austrian law, 24 June 1965; new agreement, 18 Feb 1974.


Coordinate and unify petroleum policies of Member Countries; ensure stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, steady income to producers and a fair return on capital for those investing in petroleum.

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Research/documentation; monitoring/evaluation; knowledge management/information dissemination; guidance/assistance/consulting; politics/policy/regulatory; training/education. Monitors, forecasts and analyses development in the oil, energy and petrochemical industries and studies the evaluation of hydrocarbons and products and their non-energy uses; analyses economic and financial issues, in particular those related to international financial and monetary matters and to the international petroleum industry; financial and/or material support.


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Relations with Inter-Governmental Organizations

Relations with 18 inter-governmental organizations.
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Relations with Non-Governmental Organizations

Relations with 7 non-governmental organizations.
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Information Services

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Members in 14 countries
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Type I Classification

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Type II Classification

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Subjects *

  • Resources
    • Petroleum
  • Commerce
    • Import, Export

UN Sustainable Development Goals **

GOAL 8: Decent Work and Economic GrowthGOAL 12: Responsible Consumption and Production



Last News Received

22. Jul 2019
* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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