MCQ Detailed View

The headquarters of the Organization of the Petroleum Exporting Countries (OPEC) is located in Vienna, Austria. OPEC was founded in September 1960 in Baghdad, Iraq, by five member countries: Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. The organization was established to coordinate and unify petroleum policies among member states, ensure fair and stable prices for petroleum producers, and provide a regular supply of oil to consuming nations.

Initially, OPEC’s headquarters were in Geneva, Switzerland, but in 1965 it was moved to Vienna, Austria, where it remains to this day. Vienna was chosen because of its central location in Europe and its strong diplomatic presence, making it an ideal place for international negotiations.

Today, OPEC plays a major role in the global oil market. It works to regulate oil production levels, stabilize oil prices, and protect the interests of its member states. Currently, OPEC has 13 member countries, mostly from the Middle East, Africa, and South America.

Key Facts about OPEC Headquarters:

• Founded: 1960 in Baghdad, Iraq


• Initial headquarters: Geneva, Switzerland


• Current headquarters: Vienna, Austria (since 1965)


• Member countries: 13 (including Saudi Arabia, Iran, Iraq, Venezuela, Nigeria, UAE, etc.)


• Main objective: Coordinate oil production and stabilize global oil markets

For exam preparation: The OPEC headquarters is located in Vienna, Austria.