OPEC Some key notes about OPEC countries. It is quite short though. 2.5 / 5 based on 2 ratings ? GeographyEnergy sources and securityA2/A-levelAll boards Created by: EmilyCreated on: 04-06-11 09:40 OPEC It stands for the Organisation of the Petroleum Exporting Countries. They try to preserve oil preserves for longer than those that are not within OPEC. It is an intergovernmental organistation of developing countries which have oil. It works in determining production and prices of oil. It is not as influential in controling the price of oil as it used to be due to large supplies in Russia and the Gulf of Mexico. It has been in effect since 1961. 1 of 2 Members of OPEC Algeria-since 1969 Angola-since 2007 Ecuador-since 2007 Iran-since 1960 Iraq-since 1960 Kuwait-since 1960 Libya-since 1962 Nigeria-since 1971 Qatar-since 1961 Saudi Arabia-since 1960 United Arab Emirates-since 1967 Venezula-since 1960 Gabon and Indonesia were former members but are not members anymore. 2 of 2
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