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They were to become the Founder Members of the Organization. These countries were later joined by Qatar (), Indonesia (), Libya (), the United.

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The five Founding Members were later joined by ten other Members: Qatar ( ) – terminated its membership in January ; Indonesia () – suspended.

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The Organization of the Petroleum Exporting Countries is an intergovernmental organisation of Indonesia and Qatar are former members. .. Oil-exporting countries were eventually motivated to form OPEC as a counterweight to this . Iraq has remained a member of OPEC since the organization's founding, but Iraqi .

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OPEC, the Organization of Petroleum Exporting Countries, is a cartel of 13 The five founding members were Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela.

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The Organization of the Petroleum Exporting Countries (OPEC) is a permanent Baghdad, attended by the five Founder Members of the Organization: Iran, Iraq, Kuwait, Once the original agreement for establishing OPEC was signed, it was .

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One of the five original founding members of OPEC when it was formed in , it has the world's second largest proven oil reserves at.

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The founding members formed OPEC in September , at a time member country a certain level of daily production that they were not to.