Skip to main content
Global Edition
Tuesday, March 19, 2024

OPEC

Intergovernmental oil organization


OPEC
OPEC

The Organization of the Petroleum Exporting Countries is an organization enabling the co-operation of leading oil-producing countries in order to collectively influence the global oil market and maximize profit. It was founded on 14 September 1960 in Baghdad by the first five members. The 12 member countries account for an estimated 30 percent of global oil production.

0 shares 5 views

News coverage

You might like