The Organization of the Petroleum Exporting Countries
P.O.Box Organization of the Petroleum Exporting Countries Helferstorferstrasse 17 A-1010 Vienna, Austria,
Austria.
+43-1 21112-3302 /43-1 21112-3301
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www.opec.org
The Organization of the Petroleum Exporting Countries (OPEC, /ˈoʊpɛk/ OH-pek is an intergovernmental organization of 15 nations, founded in 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), and headquartered since 1965 in Vienna, Austria. As of September 2018, the 15 countries accounted for an estimated 44 percent of global oil production and 81.5 percent of the world's "proven" oil reserves, giving OPEC a major influence on global oil prices that were previously determined by the so called "Seven Sisters” grouping of multinational oil companies.
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EXECUTIVES
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Founders: Juan Pablo Pérez Alfonzo, Abdullah Tariki
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Founders:
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Mohammed Barkindo
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Secretary General
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