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As of January 2024, OPEC has 12 member countries: five in the Middle East , six in Africa, and one in South America. [182] According to the U.S. Energy Information Administration (EIA), OPEC's combined rate of oil production (including gas condensate ) represented 44% of the world's total in 2016, [ 183 ] and OPEC accounted for 81.5% of the ...
On 9 January 1968, three of the then–most conservative Arab oil states – Kuwait, Libya, and Saudi Arabia – agreed at a conference in Beirut, Lebanon to found the Organization of Arab Petroleum Exporting Countries, aiming to separate the production and sale of oil from politics in the wake of the halfhearted 1967 oil embargo in response to the Six-Day War.
Category: Member states of OPEC. 28 languages. ... States that form part of the Organization of the Petroleum Exporting Countries (OPEC). Subcategories.
FILE -The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria, March 3, 2022. A street sign that says „one way" is ...
This table lists the regional organisations each country is a member of. Table M Member ... African Union, Arab League, OPEC
The group includes the 12 members of OPEC, the longstanding group set up to coordinate oil production to stabilize markets, plus 10 more significant oil-producing nations with Russia by far the ...
Approximately 72% of world oil production came from the top ten countries, and an overlapping 35% came from the twelve OPEC members. Members of OPEC+ , which includes OPEC members produce about 60% of the world's petroleum. supply and demand In addition to being top 5 in oil production, the United States and Russia are also top 5 in oil exports ...
The Organization of the Petroleum Exporting Countries, or OPEC, ... organization of 12 oil-exporting developing nations that coordinates and unifies the petroleum policies of its Member ...