OPEC is an example of a cartel, where member countries come together to coordinate and control oil production levels in order to stabilize prices and ensure their collective interests are met.
OPEC, the Organization of the Petroleum Exporting Countries, is headquartered in Vienna, Austria.
Iran, Iraq, Saudi Arabia, and Nigeria are all members of OPEC.
No, Canada is not a member of OPEC (Organization of the Petroleum Exporting Countries). OPEC is a coalition of oil-producing countries that work together to regulate the production and price of oil on the global market. Canada is a major oil producer but is not part of this organization.
No, China is not a member of OPEC (Organization of the Petroleum Exporting Countries). OPEC consists of Middle Eastern, African, and South American countries that are major oil producers and exporters, whereas China is one of the world's largest oil consumers and importers.
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.
OPEC is an example of a cartel. Hope this helps, Hershey
yes it is
An example of a cartel would be OPEC. Hope this helps, Hershey
OPEC
opec
where is the head quarter of opec
OPEC's population is 372,368,429.
egypt (A+)
What are the organs of opec
Saudia Arabia opec OPEC oil reserves OPEC oil crisis
OPEC is an organisation, not a place, so no country is located in it. Egypt is not a member of OPEC.
OPEC is so silly