OPEC

OPEC is a permanent intergovernmental organization composed of oil-exporting countries. Its mission is to coordinate and unify the petroleum policies of its member countries to ensure the stabilization of oil markets. The organization aims to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.

The organization operates through its member states, which are spread across multiple regions, including Algeria, Congo, Equatorial Guinea, Gabon, IR Iran, Iraq, Kuwait, Libya, Nigeria, the UAE and Venezuela. Its workforce is distributed across 15 countries.