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To become a member of the Organization of the Petroleum Exporting Countries (OPEC), a nation must meet specific criteria, including having a significant net export of crude oil and being a developing country. The interested nation must also submit a formal application for membership, which OPEC's current member states review. If the application is approved, the nation must then ratify the OPEC Statute and commit to the organization's agreements and decisions. Final acceptance requires consensus among existing members.
What else can I help you with?
Who are the 3 former members of opec?
Saudia Arabia opec OPEC oil reserves OPEC oil crisis
Where does the last member of OPEC come FROM?
Africa
Who is a leading producer of petroleum and a member of OPEC?
Saudi Arabia is one of the leading producers of petroleum and a member of the OPEC, but Nigeria is also a leading producer of petroleum.
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 do you mean by OPEC and write down the member's name of OPEC?
OPEC stand for ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES. THE MEMBERS OF OPEC ARE FOLLOWING: 1 SAUDI ARABIA 2 KUAIT 3 IRAN 4 IRAQ 5 UAE 6 LIBYA
What was Final Jeopardy for December 11 2009?
OPECThis African nation of 150 million is the only member of OPEC that's also a member of the British CommonwealthNigeriaThe Final Category for December 11 2009 was OPECThis African nation of 150 million is the only member of OPEC that's also a member of the British CommonwealthNigeria
Is Afghanistan a member of OPEC?
yes Pakistan is a member of OPEC.
Is Sudan an OPEC member?
No. Yemen is not a member due to its low oil production and proven reserves.
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
Is Iran in OPEC?
Yes, Iran is currently a member of OPEC,
What spanish speaking country is a member of the OPEC?
Venezuela. Ecuador also used to be a member of OPEC, but withdrew.
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 Kuwait a member of OPEC?
No
Is Malaysia is the member of OPEC?
No
When did Jamaica become a member of the united nation organization?
What year did Jamaica become of the united nation in
What Arab nation not in OPEC?
IraQ
What Arab nation that is not in OPEC?
oman
