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Individually these countries tend to be poor but rich in natural resources such as petroleum and there was the concern that as individual countries the more powerful countries would take advantage of them. OPEC is an organization of petroleum producing countries that was formed to give them influence and protection which individually they wouldn't have.
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Who owns OPEC?
opec
Where is the headquater of opec?
where is the head quarter of opec
What is the population of OPEC?
OPEC's population is 372,368,429.
What is OPEC what countries are a part of OPEC?
egypt (A+)
What are the organs of OPEC company?
What are the organs of opec
Who are the 3 former members of opec?
Saudia Arabia opec OPEC oil reserves OPEC oil crisis
Is Egypt located in OPEC?
OPEC is an organisation, not a place, so no country is located in it. Egypt is not a member of OPEC.
How do you use OPEC in a sentence?
OPEC is so silly
Is Laos is present OPEC?
Is Laos is present OPEC?
Why was the US vulnerable to OPEC?
The US is vulnerable to OPEC because of the oil import. There is about 40% oil in OPEC countries.
Is Iran in OPEC?
Yes, Iran is currently a member of OPEC,
When did OPEC siege happen?
OPEC siege happened in 1970.
