An MBendi Profile - Organisation: Organisation of Petroleum Exporting Countries

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Organisation of Petroleum Exporting Countries

:: Nature of Business :: General Information :: Products/Services :: Related Countries :: Directors/Managers :: Contact Information

Nature of Business

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The Organisation of Petroleum Exporting Countries (OPEC) is an organisation of 12 major oil producers and exporters. It was founded in 1960 to unify and co-ordinate its members' petroleum policies and safeguard their interests. It conducts research into energy studies, energy finance, economics and technology. It also holds regular meetings of members' oil ministers to set production quotas and discuss oil prices.

OPEC also provides financial assistance to developing countries through its OPEC Fund for International Development. This agency was formed in 1976 by OPEC member countries to assist developing states through financial co-operation and fiding of projects.

OPEC publications include: OPEC Bulletin (monthly), OPEC Review (quarterly), Annual Report and Annual Statistical Review.

General Information

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	Organisation Type/Location:	Organisation in Austria
	Nick name/Abbrev.:	OPEC
	Business Sector(s):	Oil and Gas - OiI and Gas Industry Regulation, Oil and Gas (General)
	Find Related:	[ News Items \| Pages ]

Products/Services

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Petroleum and distillates

Related Countries

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	has member:	Angola
	has member:	Ecuador
	has member:	Gabon
	has member:	Indonesia
	has member:	Iran
	has member:	Kuwait
	has member:	Nigeria
	has member:	Qatar
	has member:	Saudi Arabia
	has member:	United Arab Emirates
	has member:	Venezuela

Directors/Managers

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	President:	Mr SAA Al-Saban (Sheikh)
	Secretary General:	Mr A El-Badri (Abdalla)

Contact Information

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		Organisation of Petroleum Exporting Countries
	Tel:	+43 1 21-1120
	Fax:	+43 1 264320/2149827
	Telex:	134474
	E-mail:	Yes - Send a message
	Office Address:	Obere Donaustrasse 93 Vienna A-1020 Austria

Information Source: MBendi - Modified: 19-Oct-2007

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