They were to become the Founder Members of the Organization. These countries were later joined by Qatar (), Indonesia (), Libya (), the United.
The five Founding Members were later joined by ten other Members: Qatar ( ) – terminated its membership in January ; Indonesia () – suspended.
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 .
OPEC, the Organization of Petroleum Exporting Countries, is a cartel of 13 The five founding members were Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela.
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 .
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.
The founding members formed OPEC in September , at a time member country a certain level of daily production that they were not to.