56
Chapter 4 . About OPEC
Who are the members
of opec
?
There are three cat-
egories of membership:
Founder Members, Full
Members and Associate
Members.
Founder Members
of
the Organization are those
countries which attended the
Baghdad Conference in 1960,
and which signed the original agree-
ment establishing OPEC.
Full Members
are all Founder Mem-
bers, plus those countries whose applica-
tions for membership have been accept-
ed by the Ministerial Conference.
Associate Members
are countries
which do not qualify for full membership
(see p. 58 regarding Who can be a mem-
ber?), but which are nevertheless admit-
ted under special conditions.
120
60
30
30
0
60
90
150
60
120
60
90
150
Equator
Tropic ofCapricorn (23°27')
AntarcticCircle (66°33')
Tropic ofCancer (23°27')
ArcticCircle (66°33')
ARCTIC OCEAN
Hudson
Bay
N O R T H
P A C I F I C
O C E A N
A
O C E A N
S O U T H
P A C I F I C
O C E A N
S O U T H E R N O C E A N
N O R T H
A T L A N T I C
Lago
Titicaca
Lake
Superior
Lake
Michigan
Lake
Huron
Lake Erie
LakeOntario
Beaufort Sea
Denmark
Strait
Davis
Strait
Baffin
Bay
Caribbean Sea
Gulf of Mexico
Gulf of Alaska
Labrador
Sea
Gulf of
St. Lawrence
Lake
Winnipeg
Slave Lake
Bear Lake
Great
Great
ScotiaSea
Ecuador
Venezuela
OPEC is made up of
twelve
sovereign nations
: six in
the Middle East, four in Africa and
two in South America.
The oil producing capacity of each Member
Country is different. But when it comes to
making decisions as an Organization, every
country is equal. Decisions must be made
unanimously with the agreement of all
Member Countries.
1...,46,47,48,49,50,51,52,53,54,55 57,58,59,60,61,62,63,64,65,66,...68