OPEC
Organization of the Petroleum Exporting Countries
Updated 7 November 2026
The producers' cartel founded in Baghdad in 1960 — eleven members coordinating petroleum output from Vienna to influence world prices.
Key facts
- Founded
- 1960
- Headquarters
- Vienna, Austria
- Members
- 11 states
- Secretary-General
- Haitham Al Ghaissince August 2022
- The UAE
- Left on 1 May 2026 (member since 1967)
- UAE trade with members (2025)
- $66.7 billion