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OPEC is an organization of major oil-producing countries that work together to influence global oil markets and maximize their profits from oil sales. Founded in 1960, OPEC currently has 12 member countries and controls a significant share of the world's oil production and proven reserves, giving it considerable power over global energy prices.

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Key facts

Country.conventional_long_name
Organization of the Petroleum Exporting Countries
Country.image_flag
Flag of OPEC.svg
Country.image_coat
Organization of the Petroleum Exporting Countries Logo.svg
Country.symbol_type
Emblem
Country.image_map
OPEC and OPEC+.png
Country.image_map_caption
OPEC and OPEC+ members
Country.org_type
Organization
Country.membership_type
Membership
Country.membership
See
Country.admin_center_type
Headquarters
Country.admin_center
Vienna, Austria
Country.official_languages
English
Country.leader_title1
Secretary General
Country.leader_name1
Haitham al-Ghais
Country.established
Baghdad, Iraq
Country.established_event1
Statute
Country.established_event2
In effect
Country.established_date2
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