Understanding the Organisation of the Petroleum Exporting Countries (OPEC) Headquarters

The question asks about the location of the headquarter of the 'Organisation of the Petroleum Exporting Countries', commonly known as OPEC.

OPEC is a permanent intergovernmental organisation of oil exporting developing countries that coordinates and unifies the petroleum policies of its Member Countries. This is done to secure fair and stable prices for petroleum producers, an efficient, economic and regular supply of petroleum to consuming nations, and a fair return on capital to those investing in the petroleum industry.

Location of OPEC Headquarters

The headquarters of OPEC is located in Vienna, Austria. While OPEC was initially founded in Baghdad, Iraq, in September 1960 by five countries (Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), its secretariat was established in Geneva, Switzerland, in January 1961. The OPEC secretariat moved to Vienna, Austria, on September 1, 1965.

Therefore, the correct location for the OPEC headquarter is Vienna.

Key Facts about OPEC Headquarters

OPEC Headquarters Revision Table

Here is a quick review of the headquarters location and related facts for study purposes:

• Organisation: OPEC (Organisation of the Petroleum Exporting Countries)
• Current Headquarters: Vienna
• Country: Austria
• Moved to Vienna in: 1965
• Founded in: Baghdad, Iraq (1960)

Additional OPEC Information

OPEC plays a significant role in the global oil market. Understanding its structure and location is important for students studying international relations, economics, or geography.

• OPEC's primary objective is to coordinate and unify the petroleum policies of its Member Countries.
• The organisation aims to ensure the stabilisation 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.
• Member Countries meet regularly to discuss market conditions and decide on production levels.
• The current Member Countries are Algeria, Angola, Congo, Equatorial Guinea, Gabon, Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, United Arab Emirates, and Venezuela. (Note: Membership can change over time).