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The OPEC member countries map shows a World Map, where all the member countries of OPEC have been highlighted. OPEC stands for the Organization of the Petroleum Exporting Countries. The mission of OPEC is to coordinate and unify petroleum policies of Member Countries. OPEC is made up of eleven developing countries - Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela. These countries rely on oil revenues as their main source of income. All these countries export oil substantially. The organization aims at coordinating and unifying petroleum policies of its member countries. OPEC also aims at stabilizing prices in the international oil markets. It wants to secure a steady income to the producing countries. OPEC has not succeeded always in putting a stabilizing influence on the market. Oil revenues are vital for the economic development of these nations. | |||||
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