At present, OPEC has 13 members. They are Algeria (1969), Iran (1960), Iraq (1960), Kuwait (1960), Libya (1962) and Nigeria (65438). United Arab Emirates (1967), Venezuela (1960), Angola (2007), Gabon (1975, 1995, 20 16), Equatorial Guinea (2007)
Non-OPEC countries include Azerbaijan, Bahrain, Brunei, Equatorial Guinea, Kazakhstan, Russia, Mexico, Malaysia, South Sudan, Sudan and Oman.
The role of the Organization of Petroleum Exporting Countries
Representatives of member countries of the Organization of Petroleum Exporting Countries (mainly heads of delegations) coordinated and unified their respective oil policies at the meeting of the Organization of Petroleum Exporting Countries in order to promote the stability and prosperity of the oil market. The secretariat of the Organization of Petroleum Exporting Countries is responsible for the daily affairs of the organization, accepts the instructions of the Council and is directly under the leadership of the Secretary-General. The Economic Committee, Ministerial Supervision Committee and other executive bodies of the Organization of Petroleum Exporting Countries perform many functions, such as consultation, consultation and coordination.
Members of the Organization of Petroleum Exporting Countries analyze and predict the current situation and market trends, clarify many basic factors such as economic growth rate and oil supply and demand, and then negotiate what adjustments to make in oil policy. For example, at the previous meeting, the members of the Organization of Petroleum Exporting Countries decided to increase or decrease the overall oil production of the organization, so as to maintain the stability of oil prices and provide stable short-,medium-and even long-term oil supplies for consuming countries.
In recent years, the Organization of Petroleum Exporting Countries (OPEC) has caused oil prices to skyrocket many times, which is playing an important role in balancing the world power in order to counter the developed countries in the West such as the United States.
Reference to the above content: Baidu Encyclopedia-Organization of Petroleum Exporting Countries