OPEC Member Countries

Disclaimer : All efforts have been made to make this image accurate. However Compare Infobase Limited,its directors and employees do not own any responsibility for the correctness or authenticity of the same.

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.
The Representatives of OPEC Member Countries (Heads of Delegation) get together at the OPEC Conference to co-ordinate and unify petroleum policies. Their aim is to promote stability and harmony in the oil market. About 40 per cent of the world's oil output comes from the OPEC member countries. They possess more than three-quarters of the world's total proven crude oil reserves.