what countries are members of opec

What countries are members of OPEC?

In 1960, the Organization of Petroleum Exporting Countries was founded to unify the members’ petroleum policies and regulate prices.

The founding members were: Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela.

Since then, the following nations have also become members: Algeria, Ecuador, Gabon, Indonesia, Libya, Nigeria, Qatar, and the United Arab Emirates.

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