The Organization of the Petroleum Exporting Countries (OPEC)

Organization of the Petroleum Exporting Countries flag

The Organization of the Petroleum Exporting Countries (OPEC) is a regional organization comprising 13 member states that are major producers and exporters of oil. It was founded in 1960 with the aim of promoting cooperation and integration among its member states and promoting stability in the oil market.

OPEC is headquartered in Vienna, Austria, and is led by a Secretary General, who is appointed by the member states. It has a number of committees and working groups that focus on specific areas of concern, such as economic development, trade, security, and health.

OPEC has a number of programs and initiatives in place to promote cooperation and integration in the oil market, including trade, economic development, education, and health. It also has a number of specialized agencies, such as the OPEC Fund for International Development and the OPEC Secretariat, which work on specific issues related to the organization's mandate.

OPEC holds a number of meetings and events throughout the year, including the Summit of Heads of State and Government, which brings together the leaders of the member states to discuss issues of common concern. The organization also has a number of sporting events, such as the OPEC Games, which are held every four years.

The Organization of the Petroleum Exporting Countries (OPEC) members

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