Luanda – Angola is attending as from this Wednesday the 5th International Seminar of the Organization of the Petroleum Exporting Countries (OPEC), going up to 14 June in Viena city in Austria.

Angola is participating in the referred event with a delegation led by the Oil Minister, José Maria Botelho de Vasconcelos.

According to a press note that reached Angop on Wednesday, OPEC seminar will take place at Hofburg palace and it expects to gather ministers of the sector, officials of international oil companies and academicians.

The event, which happens each two years, is entitled “Oil: Supply Prosperity, Sustainability Support”.

During the stay of the Angolan delegation in Viena, José Maria Botelho de Vasconcelos will attend on Thursday at 3 p.m the 161st OPEC Ordinary Conference.

The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing of an agreement in September 1960 by five countries namely Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. They were to become the Founder Members of the Organization.These countries were later joined by Qatar (1961), Indonesia (1962), Libya (1962), the United Arab Emirates (1967), Algeria (1969), Nigeria (1971), Ecuador (1973), Gabon (1975) and Angola (2007).

From December 1992 until October 2007, Ecuador suspended its membership. Gabon terminated its membership in 1995. Indonesia suspended its membership effective January 2009.

Currently, the Organization has a total of 12 Member Countries.