Organisations

MISSION

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

 

SCOPE

OPEC has 12 Member Countries located across Africa, Latin America and the Middle East. These are: Algeria, Angola, Ecuador, the Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela. OPEC was founded in Baghdad, Iraq, in September 1960, with the signing of an agreement by five countries namely the Islamic Republicof Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. OPEC had its headquarters in Geneva, Switzerland, in the first five years of its existence. This was moved to Vienna, Austria, on 1 September, 1965.

 

 

TASKS

  • To ensure oil market stability, for the benefit of producers and consumers alike
  • To ensure a steady income for oil producing countries
  • To ensure an efficient and regular supply of petroleum to consumers
  • To ensure a fair return on capital for investors in the industry.

 

ACCOMPLISHMENTS

  • Over the past 50 years, the oil market has remained adequately supplied, and OPEC has responded, in the interests of a stable, secure and well-managed oil industry, to market developments and unforeseen happenings
  • OPEC has become an established and respected member of the global energy community and today cooperates with a wide variety of other industry stakeholders
  • OPEC, whose membership comes from the developing world, has placed a high priority on easing the plight of impoverished nations and in 1976 set up the OPEC Special Fund, now the OPEC Fund for International Development, to help provide financial resources to developing countries as they look to realize their economic and social development goals
  • The OPEC Secretariat has developed a strong and rigorous research and analysis capability, which is essential to the Organization’s decision making process.

ORGANIZATION HEAD
His Excellency
Abdalla Salem El-Badri
OPEC Secretary General

STAFF
137 staff members
from 38 countries

CONTACT DETAILS
The Organization of the
Petroleum Exporting Countries
Helferstorferstrasse 17
A-1010 Vienna, Austria
Tel: +43 1 211 12
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.opec.org

 

ORGANIZATION HEAD
His Excellency
Abdalla Salem El-Badri
OPEC Secretary General

STAFF
137 staff members
from 38 countries

CONTACT DETAILS
The Organization of the
Petroleum Exporting Countries
Helferstorferstrasse 17
A-1010 Vienna, Austria
Tel: +43 1 211 12
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.opec.org

 

MEMBER PROFILES

EnC
Energy Community

IAEA
International Atomic Energy Agency

IIASA
International Insitute for applied System Analyses

IPI
International Peace Institute

OFID
The OPEC Fund for International Developement

OPEC
Organization of the Petroleum Exporting Countries

OSCE
Organization for Security and Cooperation in Europe

REEEP
Renewable Energy and Energy Efficiency Partnership

SE4ALL
Sustainable Energy for All

UNIDO
United Nations Industrial Development Organization