Organization Of Petroleum Exporting Countries - OPEC

Organization Of Petroleum Exporting Countries - OPEC
An organization consisting of the world's major oil-exporting nations. The Organization of Petroleum Exporting Countries (OPEC) was founded in 1960 to coordinate the petroleum policies of its members, and to provide member states with technical and economic aid. OPEC is a cartel that aims to manage the supply of oil in an effort to set the price of oil on the world market, in order to avoid fluctuations that might affect the economies of both producing and purchasing countries.

OPEC membership is open to any country that is a substantial exporter of oil and that shares the ideals of the organization. As of 2011, OPEC had 12 member countries, including founder members Iran, Iraq, Kuwait and Venezuela.

OPEC's influence on the market has been widely critcized. Because its member countries hold the vast majority of crude oil reserves (about 80%) and nearly half of natural gas reserves in the world, the organization has considerable power in these markets.


Investment dictionary. . 2012.

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  • Organization of Petroleum Exporting Countries (OPEC) — Организация стран экспотреров нефти (ОПЕК), была создана в 1960 году, для координации  нефтедобычи и контроля за мировыми ценами на сырую нефть, и оказания странам, входящим в организацию техническую и экономичскую помощь. ОПЕК это картель, он… …   Финансовый словарь

  • Organization of Petroleum Exporting Countries — ( OPEC) A cartel of oil producing countries. Bloomberg Financial Dictionary * * * Organization of Petroleum Exporting Countries Organization of Petroleum Exporting Countries ➔ OPEC * * *    ► See OPEC …   Financial and business terms

  • Organization of Petroleum Exporting Countries —   [ɔːgənaɪ zeɪʃn əv pɪ trəʊljəm ɪks pɔːtɪȖ kʌntrɪz, englisch], OPEC …   Universal-Lexikon

  • Organization of Petroleum Exporting Countries — (OPEC)   Organization of Petroleum Exporting Countries.   U.S. Dept. of Energy, Energy Information Administration s Energy Glossary …   Energy terms

  • Organization of Petroleum Exporting Countries — (OPEC)  Thirteen member international commodity organization which seeks to limit petroleum production in order to the increase price of oil …   American business jargon

  • Organization of the Petroleum Exporting Countries — Organisation Erdöl exportierender Länder Mitgliedstaaten der OPEC: Afrika …   Deutsch Wikipedia

  • Organization of Petroleum Importing Countries — The Organization of Petroleum Importing Countries was a cartel (or a proposal for a cartel) of countries that primarily consume petroleum, to counter the influence of OPEC, the Organization of Petroleum Exporting Countries.[1][2] It was reported… …   Wikipedia

  • Organization of Petroleum-Exporting Countries — noun an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum • Syn: ↑OPEC • Hypernyms: ↑world organization, ↑world organisation, ↑international organization, ↑international organisation,… …   Useful english dictionary

  • Organization of Petroleum Exporting Countries — /ˌɔ:gənaɪzeɪʃ(ə)n əv pəˌtrəυliəm ekˌspɔ:tɪŋ kʌntriz/ noun a group of major countries who are producers and exporters of oil. Abbreviation OPEC …   Dictionary of banking and finance

  • Organization of Petroleum Exporting Countries. — See OPEC. * * * …   Universalium

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