Organization of the Petroleum Exporting Countries (OPEC) | International Organizations | Forum IAS

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The Organization of the Petroleum Exporting Countries (OPEC) is an organization enabling the co-operation of leading oil-producing countries, in order to collectively influence the global market and maximise profit.
Founded on 14 September 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), it has, since 1965, been headquartered in Vienna, Austria, although Austria is not an OPEC member state.

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