{"id":6291,"date":"2018-04-17T01:00:55","date_gmt":"2018-04-16T19:30:55","guid":{"rendered":"https:\/\/www.mapsofworld.com\/answers\/?p=6291"},"modified":"2023-01-20T04:26:17","modified_gmt":"2023-01-20T08:26:17","slug":"what-countries-are-part-of-opec","status":"publish","type":"post","link":"https:\/\/www.mapsofworld.com\/answers\/world\/what-countries-are-part-of-opec\/","title":{"rendered":"What countries are part of OPEC?"},"content":{"rendered":"\n\n<div class=\"kk-star-ratings kksr-auto kksr-align-right kksr-valign-top\"\n    data-payload='{&quot;align&quot;:&quot;right&quot;,&quot;id&quot;:&quot;6291&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;top&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;14&quot;,&quot;legendonly&quot;:&quot;&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;4.5&quot;,&quot;starsonly&quot;:&quot;&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;4&quot;,&quot;greet&quot;:&quot;Rate this post&quot;,&quot;legend&quot;:&quot;4.5\\\/5 - (14 votes)&quot;,&quot;size&quot;:&quot;24&quot;,&quot;title&quot;:&quot;What countries are part of OPEC?&quot;,&quot;width&quot;:&quot;124&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}'>\n            \n<div class=\"kksr-stars\">\n    \n<div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n    \n<div class=\"kksr-stars-active\" style=\"width: 124px;\">\n            <div class=\"kksr-star\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n                \n\n<div class=\"kksr-legend\" style=\"font-size: 19.2px;\">\n            4.5\/5 - (14 votes)    <\/div>\n    <\/div>\n<style type=\"text\/css\">\n.half{width:45%;float:left}<br \/><\/style>\n<p><a href=\"https:\/\/www.mapsofworld.com\/answers\/world\/what-countries-are-part-of-opec\/attachment\/map-of-opec-nations\/\" rel=\"attachment wp-att-6300\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-6300\" src=\"https:\/\/images.mapsofworld.com\/answers\/2018\/04\/map-of-opec-nations.jpg\" alt=\"World Map highlighting OPEC member countries\" width=\"800\" height=\"491\" srcset=\"https:\/\/images.mapsofworld.com\/answers\/2018\/04\/map-of-opec-nations.jpg 800w, https:\/\/images.mapsofworld.com\/answers\/2018\/04\/map-of-opec-nations-768x471.jpg 768w, https:\/\/images.mapsofworld.com\/answers\/2018\/04\/map-of-opec-nations-332x205.jpg 332w, https:\/\/images.mapsofworld.com\/answers\/2018\/04\/map-of-opec-nations-268x164.jpg 268w, https:\/\/images.mapsofworld.com\/answers\/2018\/04\/map-of-opec-nations-700x430.jpg 700w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><\/p>\n<p>The Organization of the Petroleum Exporting Countries, which is more commonly known by the abbreviation of OPEC, is an international cartel comprising 14 countries that contribute significantly to the world&#8217;s oil production. According to the 2016 estimate, these 14 nations collectively account for around <strong>44 percent of the oil production<\/strong> in the world. They also account for a whopping 73 percent of the proven oil reserves in the world. To learn about the groups, check our <a href=\"\/country-grouping\/\">Country Groups<\/a> section.<\/p>\n<p>&nbsp;<\/p>\n<p>The history of the organization dates back to 1960 when 5 nations that were rich in oil reserves \u2013 <a href=\"\/venezuela\/\">Venezuela<\/a>, <a href=\"\/kuwait\/\">Kuwait<\/a>, <a href=\"\/iraq\/\">Iraq<\/a>, <a href=\"\/saudi-arabia\/\">Saudi Arabia<\/a>, and <a href=\"\/iran\/\">Iran<\/a> \u2013 got together and founded OPEC in the Iraqi capital of <a href=\"\/iraq\/baghdad-city-map.html\">Baghdad<\/a>. By 1965, OPEC had established its headquarters in <a href=\"\/austria\/vienna-city-map.html\">Vienna<\/a>, <a href=\"\/iraq\/baghdad-city-map.html\">Austria<\/a>. In the following years, the organization witnessed a growth in its influence as new nations with large reserves of oil joined it. As of 2016, the 14 nations that comprise OPEC are from <a href=\"\/africa\/\">Africa<\/a>, <a href=\"\/south-america\/\">South America<\/a>, and the Middle East. These 14 nations are; <a href=\"\/algeria\/\">Algeria<\/a>, <a href=\"\/angola\/\">Angola<\/a>, <a href=\"\/ecuador\/\">Ecuador<\/a>, <a href=\"\/equatorial-guinea\/\">Equatorial Guinea<\/a>, <a href=\"\/gabon\/\">Gabon<\/a>, Iran, Iraq, Kuwait, <a href=\"\/libya\/\">Libya<\/a>, <a href=\"\/nigeria\/\">Nigeria<\/a>, <a href=\"\/qatar\/\">Qatar<\/a>, Saudi Arabia, <a href=\"\/united-arab-emirates\/\">United Arab Emirates<\/a>, and Venezuela. However, membership in the organization is open to all, provided the required criteria are met.<\/p>\n<p>Over the years members have joined the organization and left, only to rejoin again. As of 2018, <strong><a href=\"\/indonesia\/\">Indonesia<\/a> is not a member of OPEC<\/strong>. The nation was an OPEC member from 1962 through 2008, and again from January to November 2016. Similarly, <a href=\"\/sudan\/\">Sudan<\/a> has already submitted its application to join the group; however, as of now, it is not a member.<\/p>\n<h3>Aim of the Organization<\/h3>\n<p>The organization aims to ensure that prices in the global oil market remain stable, they also ensure that the oil-producing nations get a stable revenue and consuming countries get an efficient, regular, and reliable economic supply. As oil forms the lifeline of the global economy, OPEC is playing a very influential and significant role in global affairs. In 1973-74, OPEC imposed an oil embargo on the US and industrialized countries. This was in response to their support for <a href=\"\/israel\/\">Israel<\/a> in the Yom Kippur War. The embargo had a significant impact on the <a href=\"\/usa\/\">United States<\/a>.<\/p>\n<p>As of 2016, <strong>Venezuela has the largest proven crude oil reserves<\/strong> at 302.25 billion barrels, followed by Saudi Arabia at 266.21 billion barrels.<\/p>\n<h3>Below is the list of crude oil reserves by the country for the year 2016. Equatorial Guinea is not on the list as it joined the organization in 2017:<\/h3>\n<table width=\"375\">\n<tbody>\n<tr>\n<td width=\"150\"><strong>Country<\/strong><\/td>\n<td width=\"99\"><strong>Crude Oil<\/strong><br \/>\n<strong> (Billion Barrel)<\/strong><\/td>\n<td width=\"126\"><strong>OPEC Share<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Venezuela<\/td>\n<td>302.25<\/td>\n<td>0.248<\/td>\n<\/tr>\n<tr>\n<td>Saudi Arabia<\/td>\n<td>266.21<\/td>\n<td>0.219<\/td>\n<\/tr>\n<tr>\n<td>Iran<\/td>\n<td>157.2<\/td>\n<td>0.129<\/td>\n<\/tr>\n<tr>\n<td>Iraq<\/td>\n<td>148.77<\/td>\n<td>0.122<\/td>\n<\/tr>\n<tr>\n<td>Kuwait<\/td>\n<td>101.5<\/td>\n<td>0.083<\/td>\n<\/tr>\n<tr>\n<td>United Arab Emirates<\/td>\n<td>97.8<\/td>\n<td>0.08<\/td>\n<\/tr>\n<tr>\n<td>Libya<\/td>\n<td>48.36<\/td>\n<td>0.04<\/td>\n<\/tr>\n<tr>\n<td>Nigeria<\/td>\n<td>37.45<\/td>\n<td>0.031<\/td>\n<\/tr>\n<tr>\n<td>Qatar<\/td>\n<td>25.24<\/td>\n<td>0.021<\/td>\n<\/tr>\n<tr>\n<td>Algeria<\/td>\n<td>12.2<\/td>\n<td>0.01<\/td>\n<\/tr>\n<tr>\n<td>Angola<\/td>\n<td>9.52<\/td>\n<td>0.008<\/td>\n<\/tr>\n<tr>\n<td>Ecuador<\/td>\n<td>8.27<\/td>\n<td>0.007<\/td>\n<\/tr>\n<tr>\n<td>Gabon<\/td>\n<td>2<\/td>\n<td>0.002<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Visit the following to learn more about International Organizations:<\/strong><\/p>\n<ul class=\"half\">\n<li><a href=\"https:\/\/www.mapsofworld.com\/answers\/united-states\/what-is-north-atlantic-treaty\/\">NATO Member Countries<\/a><\/li>\n<li><a href=\"https:\/\/www.mapsofworld.com\/saarc-member-countries.htm\">SAARC Member Countries<\/a><\/li>\n<\/ul>\n<ul class=\"half\">\n<li><a href=\"https:\/\/www.mapsofworld.com\/un-hq.htm\">United Nations Organization&#8217;s Headquarters<\/a><\/li>\n<li><a href=\"https:\/\/www.mapsofworld.com\/world-aseanmember-map.htm\">ASEAN Member Countries<\/a><\/li>\n<\/ul>\n<p><strong>Related Maps:<\/strong><\/p>\n<figure style=\"width: 131px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.mapsofworld.com\/venezuela\/\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.mapsofworld.com\/thumbnails\/venezuela-thumb.jpg\" alt=\"Venezuela Map\" width=\"131\" height=\"90\" \/><\/a><figcaption class=\"wp-caption-text\">Venezuela Map<\/figcaption><\/figure>\n<figure style=\"width: 131px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.mapsofworld.com\/saudi-arabia\/\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.mapsofworld.com\/thumbnails\/saudi-arabia-thumb.jpg\" alt=\"Saudi Arabia Map\" width=\"131\" height=\"90\" \/><\/a><figcaption class=\"wp-caption-text\">Saudi Arabia Map<\/figcaption><\/figure>\n<figure style=\"width: 131px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.mapsofworld.com\/iran\/\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.mapsofworld.com\/thumbnails\/iran-thumb.jpg\" alt=\"Iran Map\" width=\"131\" height=\"90\" \/><\/a><figcaption class=\"wp-caption-text\">Iran Map<\/figcaption><\/figure>\n<figure style=\"width: 131px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.mapsofworld.com\/iraq\/\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.mapsofworld.com\/thumbnails\/iraq-thumb.jpg\" alt=\"Iraq Map\" width=\"131\" height=\"90\" \/><\/a><figcaption class=\"wp-caption-text\">Iraq Map<\/figcaption><\/figure>\n<figure style=\"width: 131px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.mapsofworld.com\/kuwait\/\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.mapsofworld.com\/thumbnails\/kuwait-thumb.jpg\" alt=\"Kuwait Map\" width=\"131\" height=\"90\" \/><\/a><figcaption class=\"wp-caption-text\">Kuwait Map<\/figcaption><\/figure>\n<figure style=\"width: 131px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.mapsofworld.com\/united-arab-emirates\/\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.mapsofworld.com\/thumbnails\/uae-map-thumb.jpg\" alt=\"UAE Map\" width=\"131\" height=\"90\" \/><\/a><figcaption class=\"wp-caption-text\">UAE Map<\/figcaption><\/figure>\n<figure style=\"width: 131px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.mapsofworld.com\/libya\/\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.mapsofworld.com\/thumbnails\/libya-map-thumb.jpg\" alt=\"Libya Map\" width=\"131\" height=\"90\" \/><\/a><figcaption class=\"wp-caption-text\">Libya Map<\/figcaption><\/figure>\n<figure style=\"width: 131px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.mapsofworld.com\/nigeria\/\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.mapsofworld.com\/thumbnails\/nigeria-thumb.jpg\" alt=\"Nigeria Map\" width=\"131\" height=\"90\" \/><\/a><figcaption class=\"wp-caption-text\">Nigeria Map<\/figcaption><\/figure>\n<figure style=\"width: 131px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.mapsofworld.com\/qatar\/\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.mapsofworld.com\/thumbnails\/qatar-thumb.jpg\" alt=\"Qatar Map\" width=\"131\" height=\"90\" \/><\/a><figcaption class=\"wp-caption-text\">Qatar Map<\/figcaption><\/figure>\n<figure style=\"width: 131px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.mapsofworld.com\/algeria\/\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.mapsofworld.com\/thumbnails\/algeria-thumb.jpg\" alt=\"Algeria Map\" width=\"131\" height=\"90\" \/><\/a><figcaption class=\"wp-caption-text\">Algeria Map<\/figcaption><\/figure>\n<figure style=\"width: 131px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.mapsofworld.com\/angola\/\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.mapsofworld.com\/thumbnails\/angola-thumb.jpg\" alt=\"Angola Map\" width=\"131\" height=\"90\" \/><\/a><figcaption class=\"wp-caption-text\">Angola Map<\/figcaption><\/figure>\n<figure style=\"width: 131px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.mapsofworld.com\/ecuador\/\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.mapsofworld.com\/thumbnails\/ecuador-thumb.jpg\" alt=\"Ecuador Map\" width=\"131\" height=\"90\" \/><\/a><figcaption class=\"wp-caption-text\">Ecuador Map<\/figcaption><\/figure>\n<figure style=\"width: 131px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.mapsofworld.com\/gabon\/\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.mapsofworld.com\/thumbnails\/gabon-thumb.jpg\" alt=\"Gabon Map\" width=\"131\" height=\"90\" \/><\/a><figcaption class=\"wp-caption-text\">Gabon Map<\/figcaption><\/figure>\n<figure style=\"width: 131px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.mapsofworld.com\/equatorial-guinea\/\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.mapsofworld.com\/thumbnails\/equatorial-guinea-thumb.jpg\" alt=\"Equatorial Guinea Map\" width=\"131\" height=\"90\" \/><\/a><figcaption class=\"wp-caption-text\">Equatorial Guinea Map<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Organization of the Petroleum Exporting Countries, which is more commonly known by the abbreviation of OPEC, is an international cartel comprising 14 countries that contribute significantly to the world&#8217;s oil production. According to the 2016 estimate, these 14 nations collectively account for around 44 percent of the oil production<a href=\"https:\/\/www.mapsofworld.com\/answers\/world\/what-countries-are-part-of-opec\/\" class=\"read_more_posts\">Continue Reading&#8230;<\/a><\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_6291\" class=\"pvc_stats all  \" data-element-id=\"6291\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\" class=\"\"><\/path><\/svg><\/i> <img loading=\"lazy\" decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"https:\/\/www.mapsofworld.com\/answers\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p>\n<div class=\"pvc_clear\"><\/div>\n","protected":false},"author":1,"featured_media":6300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"What countries are part of OPEC? #infographic #OPEC #worldmap","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,9],"tags":[340,824,325],"class_list":["post-6291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-world","tag-infographic","tag-opec","tag-world-map","column","twocol","has-thumbnail"],"metadata":["OPEC, is an international cartel which contributes significantly to the world\u2019s oil production. As on 2018, it comprises 18 countries"],"a3_pvc":{"activated":false,"total_views":2481,"today_views":0},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What countries are part of OPEC? - Answers<\/title>\n<meta name=\"description\" content=\"OPEC, is an international cartel which contributes significantly to the world\u2019s oil production. 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