OPEC Abbreviation
Looking for OPEC abbreviation? We have got you covered in this guide. We have listed down different possible abbreviations of OPEC in various groups like Associations & Organizations, Governmental, and Miscellaneous.
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Popular abbreviations of opEc:
Searching for opEc abbreviation / opEc full form leads to different results in different categories. The below table illustrates the popular acronyms among them.
| Term | Abbreviation | category |
|---|---|---|
| OPEC | Of The Petroleum Exporting Countries | Governmental Organizations |
| OPEC | Organization Of The Petroleum Exporting Countries | Trade Associations |
| OPEC | Organisation For Petroleum Exporting Countries | International Orgaizations |
| OPEC | Of Petroleum Export Countries | International Orgaizations |
| OPEC | Of The Private Education Commission | Departments & Agencies |
| OPEC | Of Private Education Commission | Departments & Agencies |
| opEc | Office Of Programs For Exceptional Children | Departments & Agencies |
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What does OPEC mean?
The Organization of the Petroleum Exporting Countries was founded in September 1960 when five countries Islamic Republic of Iran, Saudi Arabia, Venezuela, Kuwait, and Iraq, signed the agreement. The agreement was first signed in Baghdad.
Currently, it has a total of 13 member countries. Initially, five countries signed the agreement, but later these countries also joined the OPEC:
- Qatar – 1961
- Indonesia – 1962
- Libya – 1962
- The United Arab Emirates – 1967
- Algeria – 1969
- Nigeria – 1971
- Ecuador – 1973
- Gabon – 1975
- Angola – 2007
- Equatorial Guinea – 2017
- Congo – 2018
Mission
- The purpose is to coordinate between the member countries regarding the oil price and stability.
- It aims to generate a good return on investment by investing in the petroleum industry.
OPEC Fund
- OPEC has invested more than $22 billion in projects in more than 125 countries.
- It has undertaken over 4,000 projects in various public, private, and trade sectors.
- It is giving access to education to more than 2.4 million children.
- It has offered support to more than 350,000 MSMEs.
- It has constructed more than 11,360 km of roads and railways.
Declarations
Three separate summits of heads of the senate have helped in the fifty years:
- In 1975, the first summit was held in Algeria.
- In 2000, a second summit took place in Caracas.
- In 2007, the third summit finally took place in Riyadh.
These summits aimed to discuss the topics related to national importance. Major covered areas are poverty, unemployment, environment, and natural resources.
Secretariat
- It lies in Vienna, which is also considered the headquarters of OPEC.
- It conducts the research, and the result of the study helps in decision-making on essential issues.
- The primary members of the secretariat are the Secretary-General and staff from the research division, the legal office, and the support services division.
- It was established in Geneva, Switzerland, in 1961.
- It has the research division, which further comprises data services, petroleum, and energy services.
All Abbreviations of OPEC in 3 categories:
If you are looking for OPEC meaning in a specific category, check out the detailed sections below. We have segregated the acronyms based on their category and grouped them in each section.
OPEC abbreviation in Associations & Organizations:
What does OPEC mean in Associations & Organizations category? We have listed down 6 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OPEC | Of The Petroleum Exporting Countries |
| OPEC | Organization Of The Petroleum Exporting Countries |
| OPEC | Organisation For Petroleum Exporting Countries |
| OPEC | Of Petroleum Export Countries |
| OPEC | Of Petroleum Exporting Countries’ |
| OPEC | Ohio Prevention and Education Conference |
OPEC abbreviation in Governmental:
What does OPEC mean in Governmental category? We have listed down 3 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OPEC | Of The Private Education Commission |
| OPEC | Of Private Education Commission |
| opEc | Office Of Programs For Exceptional Children |
OPEC abbreviation in Miscellaneous:
What does OPEC mean in Miscellaneous category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OPEC | Of Petrol Exporting Countries |
Frequently Asked Questions (FAQ)
Q. What is the abbreviation of OPEC in Associations & Organizations?
Of The Petroleum Exporting Countries | Organization Of The Petroleum Exporting Countries | Organisation For Petroleum Exporting Countries | Of Petroleum Export Countries | Of Petroleum Exporting Countries’ | Ohio Prevention and Education Conference
Q. What does OPEC stands for in Governmental?
Of The Private Education Commission | Of Private Education Commission | Office Of Programs For Exceptional Children
Q. What is the OPEC meaning in Miscellaneous?
The meaning of OPEC is Of Petrol Exporting Countries in Miscellaneous category.