JODI World Database: Last update: 19 August 2010 - Data up to
June 2010
Complete data set for Bolivia, Brazil,
Costa Rica, Dominican Rep., Honduras, Kuwait, and Panama.
Non-OECD EU member countries data are scheduled to be update in
September
OPEC is a Multi-Governmental Organization of twelve
developing countries which are heavily reliant on oil revenues as their
main source of income. Membership is open to any country which is a
substantial net exporter of oil and which shares the ideals of the
Organization. The current Members are Algeria, Angola, Ecuador, Iran,
Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab
Emirates and Venezuela.
Since oil revenues are so vital for the economic development of these
nations, they aim to bring stability and harmony to the oil market by
adjusting their oil output to help ensure a balance between supply and
demand. Twice a year, or more frequently if required, the Oil and Energy
Ministers of the OPEC Members meet to decide on the Organization's
output level, and consider whether any action to adjust output is
necessary in the light of recent and anticipated oil market
developments.
OPEC's twelve Members collectively supply about 41 per cent of the
world's oil output, and possess more than three-quarters of the world's
total proven crude oil reserves. More details can be found in the FAQ on
the OPEC website
www.opec.org, and in the sections on the individual Member
Countries, which feature tables with selected oil, gas and economic
data.
This website is best viewed
with 1280 x 1024 screen resolution
