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OPEC
TRADE ORGANIZATION
From 10 to 14 December 1959, representatives from Saudi Arabia, Iraq, Venezuela, Iran and Kuwait met in Baghdad, Iraq to establish the Organization of the Petroleum Exporting Countries, a permanent intergovernmental organization designed to offset the influence of foreign oil companies. Membership has since expanded to include Algeria, Angola, Libya, Nigeria, Qatar, the United Arab Emirates and Indonesia.
Official Website: http://www.opec.org
Location: Vienna, Austria
Founding Date: 10-Dec-1959
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