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OPEC Members and Countries with more than 10 Billion Barrels of Oil Reserves

OPEC includes 11 members on 4 continents. The founding members (1960) are Venezuela, Iran, Iraq, Saudi Arabia and Kuwait. Several other oil-producing nations joined thereafter the organization: Qatar (1961), Indonesia (1962-2009; it ceased to be a net oil exporter), Libya (1969), Algeria (1970), Nigeria (1971), Ecuador (1973-1992; it left the organization in order to avoid production quotas), The United Arab Emirates (1973) and Gabon (1973-1994).

Copyright © 1998-2008, Dr. Jean-Paul Rodrigue, Dept. of Economics & Geography, Hofstra University. For personal or classroom use ONLY. This material (including graphics) is not public domain and cannot be published, in whole or in part, in ANY form (printed or electronic) and on any media without consent. Permission MUST be requested prior to use.