OPEC is an abbreviation of Organization of the Petroleum Exporting Countries. Its member countries generate a big part of world's oil production. Organization is currently headquartered in Vienna and it consists of 14 members:
- Algeria
- Angola
- Ecuador
- Equatorial Guinea
- Gabon
- Iran
- Iraq
- Kuwait
- Libya
- Nigeria
- Republic of the Congo
- Saudi Arabia
- United Arab Emirates
- Venezuela
OPEC+ consists of OPEC members and another 10 oil producing countries:
- Azerbaijan
- Bahrain
- Brunei
- Kazakhstan
- Malaysia
- Mexico
- Oman
- Russia
- South Sudan
- Sudan
Currently OPEC+ is a group of 24 members.