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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.
What else can I help you with?
Who owns OPEC?
opec
Who are the 3 former members of opec?
Saudia Arabia opec OPEC oil reserves OPEC oil crisis
What are the organs of OPEC company?
What are the organs of 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+)
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.
Is Laos is present OPEC?
Is Laos is present OPEC?
How do you use OPEC in a sentence?
OPEC is so silly
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.
What type of government controls the OPEC?
OPEC controls most of the worlds oil source.
Why Sultanate of Oman is not a member of OPEC?
Opec wants Oman to be a member, but Oman would not accept the terms and conditions of OPEC
