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The formation of the Organization of Petroleum Exporting Countries (OPEC) occurred in September of 1960 at the Baghdad Conference, It was created by five countries which included Kuwait, Venezuela, Iran, Iraq, and Saudi Arabia. As of 2014, there are 12 member countries. OPEC's goal was to have more control over oil prices and their petroleum resources.

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9y ago
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15y ago

What happened at OPEC

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Q: What happened on the 32nd OPEC Conference?
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