I have heard that these countries are working together against us? Has anyone heard this also?
Who are OPEC Member Countries?
The OPEC Statute stipulates that: "any country with a substantial net export of crude petroleum, which has fundamentally similar interests to those of Member Countries, may become a Full Member of the Organization, if accepted by a majority of three-fourths of Full Members, including the concurring votes of all Founder Members".
The Statute further distinguishes between three categories of membership: Founder Member, Full Member and Associate Member.
Founder Members of the Organization are those countries which were represented at OPEC's first Conference, held in Baghdad, Iraq, in September 1960, and which signed the original agreement establishing OPEC.
Full Members are the Founder Members, plus those countries whose applications for Membership have been accepted by the Conference.
Associate Members are the countries which do not qualify for full membership, but which are nevertheless admitted under such special conditions as may be prescribed by the Conference.
Country Joined OPEC Location
Algeria 1969 Africa
Angola 2007 Africa
Ecuador(**) rejoined 2007 South America
Indonesia 1962 Asia
IR Iran* 1960 Middle East
Iraq* 1960 Middle East
Kuwait* 1960 Middle East
SP Libyan AJ 1962 Africa
Nigeria 1971 Africa
Qatar 1961 Middle East
Saudi Arabia* 1960 Middle East
United Arab Emirates 1967 Middle East
Venezuela* 1960 South America
*founder Members
** Ecuador joined OPEC in 1973, suspended its membership from Dec. 1992-Oct. 2007
Who are OPEC Member Countries?
The OPEC Statute stipulates that: "any country with a substantial net export of crude petroleum, which has fundamentally similar interests to those of Member Countries, may become a Full Member of the Organization, if accepted by a majority of three-fourths of Full Members, including the concurring votes of all Founder Members".
The Statute further distinguishes between three categories of membership: Founder Member, Full Member and Associate Member.
Founder Members of the Organization are those countries which were represented at OPEC's first Conference, held in Baghdad, Iraq, in September 1960, and which signed the original agreement establishing OPEC.
Full Members are the Founder Members, plus those countries whose applications for Membership have been accepted by the Conference.
Associate Members are the countries which do not qualify for full membership, but which are nevertheless admitted under such special conditions as may be prescribed by the Conference.
Country Joined OPEC Location
Algeria 1969 Africa
Angola 2007 Africa
Ecuador(**) rejoined 2007 South America
Indonesia 1962 Asia
IR Iran* 1960 Middle East
Iraq* 1960 Middle East
Kuwait* 1960 Middle East
SP Libyan AJ 1962 Africa
Nigeria 1971 Africa
Qatar 1961 Middle East
Saudi Arabia* 1960 Middle East
United Arab Emirates 1967 Middle East
Venezuela* 1960 South America
*founder Members
** Ecuador joined OPEC in 1973, suspended its membership from Dec. 1992-Oct. 2007
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