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Organization of the Petroleum Exporting Countries / Organización de Países Exportadores de Petróleo

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The Organization of the Petroleum Exporting Countries (OPEC) was formed in 1960 as an intergovernmental organization that brings together oil producing and exporting countries. Its current members are Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela, its founding members; and Qatar, Libya, the United Arab Emirates, Algeria, Nigeria, Ecuador, and Angola. OPEC's goal is to ¿coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets in order 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.¿

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