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Definition of Opec

Babylon English

international organization for oil exporting countries that share the same commercial policies
Opec Definition from Language, Idioms & Slang Dictionaries & Glossaries
WordNet 2.0

1. an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum
(synonym) Organization of Petroleum-Exporting Countries
(hypernym) world organization, world organisation, international organization, international organisation, global organization
(member-meronym) Algeria, Algerie, Democratic and Popular Republic of Algeria
Opec Definition from Business & Finance Dictionaries & Glossaries
Glossary of petroleum Industry
the Organization of Petroleum Exporting Countries.
Opec Definition from Government Dictionaries & Glossaries
NATO Acronyms
Organisation of Petroleum Exporting Countries
International Relations and Security Acronyms
Organization of Petroleum Exporting Countries
Opec Definition from Social Science Dictionaries & Glossaries
BEA Economic Analysis Glossary
Organization of Petroleum Exporting Countries 
Source: U.S. Bureau of Economic Analysis
Environmental Economics Glossary
A group of nations that produce most of the worlds oil and control most of the worlds oil exports.
Opec Definition from Science & Technology Dictionaries & Glossaries
EIA Energy Glossary
An organization founded in Baghdad, Iraq, in September 1960, to unify and coordinate members' petroleum policies. OPEC members' national oil ministers meet regularly to discuss prices and, since 1982, to set crude oil production quotas. Original OPEC members include Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. Between 1960 and 1975, the organization expanded to include Qatar (1961), Indonesia (1962), Libya (1962), the United Arab Emirates (1967), Algeria (1969), Nigeria (1971), Ecuador (1973), and Gabon (1975). Ecuador withdrew in December 1992, and Gabon withdrew in January 1995. Although Iraq remains a member of OPEC, Iraqi production has not been a part of any OPEC quota agreements since March 1998. For more information, go to OPEC’s website at
Countries that have organized for the purpose of negotiating with oil companies on matters of oil production, prices, and future concession rights. Current members (as of the date of writing this definition) are Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. See OPEC's site at for more information.
Source: Energy Information Administration, 2006
Oil and Gas Field Glossary
Organisation of Petroleum Exporting Countries. Formed in 1960, its member countries are Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela.
Energy Glossary
Acronym for Organization of Petroleum Exporting Countries founded in 1960 for unify and coordinate petroleum polices of the members. Headquarters is in Vienna, Austria.
Opec Definition from Encyclopedia Dictionaries & Glossaries
English Wikipedia - The Free Encyclopedia
Organization of the Petroleum Exporting Countries (OPEC, ) is an intergovernmental organization of 13 petroleum-exporting nations, founded in 1960 by the first five members, and headquartered since 1965 in Vienna, Austria. The 13 countries account for 40% of global oil production and 73% of the world's "proven" oil reserves, making OPEC a major influence on global oil prices.

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Opec Definition from Sports Dictionaries & Glossaries
Organization of Petroleum Exporting Countries (Vienna)