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14/09/1960 Oil exporters find OPEC

2:35

OPEC - The Organization of the Petroleum Exporting Countries

4:01

OPEC 50 years later

The OPEC is an intergovernmental organization of 15 nations, founded in 1960 in Baghdad and headquartered since 1965 in Vienna, Austria. The stated mission of the organization is to "coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets, in order to secure an efficient, economic and regular supply of petroleum to consumers,