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Is it true that OPEC stands for the Organiation of Petroleum Exporting Countries?
Wiki User
∙ 11y ago
That is true.
Wiki User
∙ 11y ago
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What does the OPEC mean?
It stands for Organization of the Petroleum Exporting Countries.
WHAT DOES the acronym (OPEC)?
It stands for Organization of the Petroleum Exporting Countries.
OPEC stands for the organization of petroleum exporting countries?
Correct, OPEC is an intergovernmental organization that coordinates and unifies the petroleum policies of its member countries to ensure stable oil markets and fair returns on their investments.
What does the acronym OPEC stand for?
OPEC stands for Organization of the Petroleum Exporting Countries.
True or false OPEC stands for the oil and petroleum exporting countries?
True
What impact can OPEC decisions have on the world?
The roe of OPEC is to regulate the petroleum industries among member countries. OPEC stands for Organization of the Petroleum Exporting Countries.
What does the acronym OPEC mean?
The Organization of the Petroleum Exporting Countries (OPEC) is a cartel of twelve developing countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.9th grade students who are researching OPEC should NOT be using this source. Miss H can see you.OR:OPEC is an international organization whose members work to influence the price of oil on world markets by controlling the supply.
What does acronym OPEC stand for?
OPEC stands for the Organization of Petroleum Exporting Countries - a sort of coalition of nations that all consistently export oil. OPEC was founded at a meeting on September 14, 1960 in Baghdad, Iraq by five founding members: Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. Since then Qatar (1961), Indonesia (1962), Socialist People's Libyan Arab Jamahiriya (1962), United Arab Emirates (1967), Algeria (1969), and Nigeria (1971) have joined the organization.
What Natural Resource does OPEC control the production price and distribution?
The acronym OPEC stands for the Organization of Petroleum Exporting Countries, hence, the specific natural resource with which OPEC is concerned is petroleum (also known as oil).
What are the functions of OPEC?
Important Functions Of OPECIt Coordinates the oil production policiesHelps oil producers to achieve a reasonable rateTry to stabilize the marketMaintaining stability in oil productionThe functions of OPEC are quite diverse but mainly revolve the control and stabilizing the petroleum exportation. OPEC stands for Organization of the Petroleum Exporting Countries.
What does bpl stands for?
Bharat Petroleum Ltd.
What does bp oil stand for?
It stands for British Petroleum.
