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Updated:Apr 23, 2026
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OPEC Membership Expansion Waves (1962–1980)

OPEC Membership Expansion Waves (1962–1980)

  1. OPEC founded at the Baghdad Conference

    Labels: Founding Members, Baghdad Conference
  2. OPEC headquarters moves to Vienna

    Labels: Vienna Headquarters
  3. Abu Dhabi joins, a step toward UAE participation

    Labels: Abu Dhabi, UAE transition
  4. 1973 oil crisis accelerates OPEC’s global leverage

    Labels: 1973 Oil, Arab Embargo
  5. UAE assumes Abu Dhabi’s OPEC membership

    Labels: United Arab, Membership Transfer
  6. First OPEC Summit and Algiers Declaration

    Labels: Algiers Summit, Solemn Declaration
  7. Expansion wave closes as OPEC consolidates membership

    Labels: Consolidation 1980