- OPEC
- (Organization of the Petroleum Exporting Countries)An intergovernmental organization whose stated objective is to "coordinate and unify the petroleum policies of member countries." It was created at the Baghdad Conference on September 10-14, 1960. Current members (with years of membership) include:• Algeria (1969-present)• Angola (2007-present)• Ecuador (1973-1992 and 2007-present)• Iran (1960-present)• Iraq (1960-present)• Kuwait (1960-present)• Libya (1962-present)• Nigeria (1971-present)• Qatar (1961-present)• Saudi Arabia (1960-present)• United Arab Emirates (1967-present) and• Venezuela (1960-present)Countries no longer members of OPEC include:• Gabon (1975-1994)• Indonesia (1962-2008)***U.S. Dept. of Energy, Energy Information Administration's Energy Glossary***Acronym for Organization of Petroleum Exporting Countries founded in 1960 for unify and coordinate petroleum polices of the members. Headquarters is in Vienna, Austria.California Energy Comission. Dictionary of Energy Terms
Energy terms . 2014.