Difference between oil cartel OPEC and OPEC+ | |||||||||||
| What are the differences between oil cartel OPEC and OPEC+ ? Are there different members in each organization ? What OPEC and OPEC plus have in common ? | |||||||||||
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OPEC is an abbreviation of Organization of the Petroleum Exporting Countries. Its member countries generate a big part of world's oil production. Organization is currently headquartered in Vienna and it consists of 14 members:
OPEC+ consists of OPEC members and another 10 oil producing countries:
Currently OPEC+ is a group of 24 members. | |||||||||||
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