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The organization, which currently comprises 12 member countries, accounted for 38 percent of global oil production, according to a 2022 report. [3] [4] Additionally, it is estimated that 79.5 percent of the world's proven oil reserves are located within OPEC nations, with the Middle East alone accounting for 67.2 percent of OPEC's total ...
No. of members Headquarters World Trade Organization: 164 Geneva, Switzerland European Union: 27 Brussels, Belgium Organisation of Petroleum exporting countries (OPEC) 14 Vienna, Austria South Asian Association for Regional Co-operation (SAARC) 8 Kathmandu, Nepal Association of South East Asian Nations (ASEAN) 10 Jakarta, Indonesia
List of OPEC secretaries general No. Name Country Tenure 1: Fuad Rouhani [A] Iran [B] 21 Jan 1961 – 30 Apr 1964 2: Abdul Rahman al-Bazzaz [A] Iraq [B] 1 May 1964 – 30 Apr 1965 3: Ashraf T. Lutfi Kuwait [B] 1 May 1965 – 31 Dec 1966 4: Mohammad Saleh Joukhdar Saudi Arabia [B] 1 Jan 1967 – 31 Dec 1967 5: Francisco R. Parra Venezuela [B]
Current events; Random article; ... OPEC: 1960. 369,814,472: 4.5% ... An economic organization made up of fifteen full members, (fourteen independent countries + one ...
DUBAI (Reuters) -OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts of 2.2 million barrels per day into the second quarter, giving extra support to ...
Instead, members are ceding control to non-OPEC producers, such as the US. ... Bank of America expects Brent crude to average $61 per barrel through 2025, indicating a 17% decline from current levels.
Country Regional organisations Afghanistan ACD, SAARC, ECO Albania OSCE, NATO, Council of Europe, BSEC, SEECP, CEFTA Algeria African Union, Arab League, OPEC Andorra ...
Current events; Random article; ... States that form part of the Organization of the Petroleum Exporting Countries ... Pages in category "Member states of OPEC"