Organization of Petroleum Exporting Countries OPEC

Country	Area	Population	GDP /	GDP	People density
Algeria	2,381,740 km2	32,531,853	1,410 $ /	45,869,912,730 $	14 / km2
Gabon	267,667 km2	1,389,201	4,150 $ /	5,765,184,150 $	5 / km2
Indonesia	1,904,570 km2	241,973,879	820 $ /	198,418,580,780 $	127 / km2
Iran	1,643,500 km2	68,017,860	1,075 $ /	73,119,199,500 $	41 / km2
Iraq	438,317 km2	26,074,906	1,025 $ /	26,726,778,650 $	59 / km2
Kuwait	17,818 km2	2,335,648	17,500 $ /	40,873,840,000 $	131 / km2
Libyan Arab Jamahiriya	1,757,000 km2	5,765,563	5,850 $ /	33,728,543,550 $	3 / km2
Nigeria	923,768 km2	128,771,988	315 $ /	40,563,176,220 $	139 / km2
Qatar	11,427 km2	863,051	14,200 $ /	12,255,324,200 $	76 / km2
Saudi Arabia	2,240,000 km2	26,417,599	7,350 $ /	194,169,352,650 $	12 / km2
United Arab Emirates	77,700 km2	2,563,212	20,600 $ /	52,802,167,200 $	33 / km2
Venezuela	912,050 km2	25,375,281	3,100 $ /	78,663,371,100 $	28 / km2
Summary	12,575,557 km2	562,080,041	1,429 $ /	802,955,430,730 $	45 / km2

OPEC, or the Organization of Petroleum Exporting Countries, was established in 1960 by five states: Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. The primary intention of OPEC was to establish a cartel-like arrangement among the main oil producing countries to maintain a price structure that would reflect the interests of its member states, rather than of the oil companies, which had been able to largely dictate both price and production levels.

The OPEC is an intergovernmental organization created at the Baghdad Conference in 1960, which gathers 12 countries. The members of OPEC are countries in which 30% at least of the goods exportations are made by petroleum and gas. Their economy is highly dependant on the evolution of petroleum prices.