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Do <strong>not</strong> fill this in!</label><input type="text" name="wpAntispam" id="wpAntispam" value=""/></div> <input type="hidden" value="1102658694" name="baseRevId"/> <input type="hidden" value="0" name="altBaseRevId"/> <input type="hidden" value="0" name="undidRev"/><input id="wikieditorUsed" type="hidden" name="wikieditorUsed"/><input id="editingStatsId" type="hidden" value="31527970041362b19f3cdefd8f2b9086" name="editingStatsId"/><input type="hidden" value="2" name="wpSection"/><input type="hidden" value="20220820200215" name="wpStarttime"/><input type="hidden" value="20220806060430" name="wpEdittime"/><input type="hidden" value="1102658694" name="editRevId"/><input id="wpScrolltop" type="hidden" name="wpScrolltop"/><input type="hidden" value="1df3e8fedc164d2984f5927d89b0e10b" name="wpAutoSummary"/><input type="hidden" value="0" name="oldid"/><input type="hidden" value="1102658694" name="parentRevId"/><input type="hidden" value="text/x-wiki" name="format"/><input type="hidden" value="wikitext" name="model"/><textarea aria-label="Wikitext source editor" tabindex="1" accesskey="," id="wpTextbox1" cols="80" rows="25" style="" class="mw-editfont-monospace" lang="en" dir="ltr" name="wpTextbox1">=== Leadership and decision-making === {{See also|List of Secretaries General of OPEC}} [[File:158ava Reunión de países miembros de la OPEP (5251965558).jpg|thumb|alt=refer to caption|OPEC Conference delegates at [[Swissotel]], [[Quito]], [[Ecuador]], December 2010.]] The OPEC Conference is the supreme authority of the organization, and consists of delegations normally headed by the oil ministers of member countries. The chief executive of the organization is the [[List of Secretaries General of OPEC|OPEC Secretary General]]. The Conference ordinarily meets at the Vienna headquarters, at least twice a year and in additional extraordinary sessions when necessary. It generally operates on the principles of unanimity and "one member, one vote", with each country paying an equal membership fee into the annual budget.<ref name="statute">{{cite web |year=2012 |title=Statute |url=http://www.opec.org/opec_web/static_files_project/media/downloads/publications/OPEC_Statute.pdf |url-status=live |archive-url=https://web.archive.org/web/20141021084736/http://www.opec.org/opec_web/static_files_project/media/downloads/publications/OPEC_Statute.pdf |archive-date=21 October 2014 |access-date=12 December 2014 |work=OPEC}}</ref> However, since Saudi Arabia is by far the largest and most-profitable oil exporter in the world, with enough capacity to function as the traditional [[swing producer]] to balance the global market, it serves as "OPEC's de facto leader".<ref name="FT2015" /> </textarea><div class="editOptions"> <div id="wpSummaryLabel" class="mw-summary oo-ui-layout oo-ui-labelElement oo-ui-fieldLayout oo-ui-fieldLayout-align-top"><div class="oo-ui-fieldLayout-body"><span class="oo-ui-fieldLayout-header"><label for="wpSummary" class="oo-ui-labelElement-label"><span style="text-align: left;"><a href="/web/20220820200215/https://en.wikipedia.org/wiki/Help:Edit_summary" title="Help:Edit summary">Edit summary</a> <small>(Briefly describe your changes)</small></span></label></span><div class="oo-ui-fieldLayout-field"><div id="wpSummaryWidget" class="oo-ui-widget oo-ui-widget-enabled oo-ui-inputWidget oo-ui-textInputWidget oo-ui-textInputWidget-type-text oo-ui-textInputWidget-php" data-ooui="{"_":"OO.ui.TextInputWidget","maxLength":500,"name":"wpSummary","value":"\/* Leadership and decision-making *\/ ","inputId":"wpSummary","tabIndex":1,"title":"Enter a short summary","accessKey":"b","required":false}"><input type="text" tabindex="1" title="Enter a short summary [b]" accesskey="b" name="wpSummary" value="/* Leadership and decision-making */ " id="wpSummary" maxlength="500" spellcheck="true" class="oo-ui-inputWidget-input"/><span class="oo-ui-iconElement-icon oo-ui-iconElement-noIcon"></span><span class="oo-ui-indicatorElement-indicator oo-ui-indicatorElement-noIndicator"></span></div></div></div></div><div class="editCheckboxes"><div class="oo-ui-layout oo-ui-horizontalLayout"></div></div> <div id="editpage-copywarn">By publishing changes, you agree to the <a href="https://web.archive.org/web/20220820200215/https://foundation.wikimedia.org/wiki/Terms_of_Use" class="extiw" title="wmf:Terms of Use">Terms of Use</a>, and you irrevocably agree to release your contribution under the <a href="/web/20220820200215/https://en.wikipedia.org/wiki/Wikipedia:Text_of_Creative_Commons_Attribution-ShareAlike_3.0_Unported_License" title="Wikipedia:Text of Creative Commons Attribution-ShareAlike 3.0 Unported License">CC BY-SA 3.0 License</a> and the <a href="/web/20220820200215/https://en.wikipedia.org/wiki/Wikipedia:Text_of_the_GNU_Free_Documentation_License" title="Wikipedia:Text of the GNU Free Documentation License">GFDL</a>. 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