OPEC is the Organization of Petroleum Exporting Countries. OPEC deals with all the exported oil/Petroleum going in and out of countries. They control the price of oil/petroleum. EU is the European Union. The European Union deals with the economic problems, and other problems of it's members. It's also to create a common currency.
BP is simply an Oil producing firm whilst OPEC is a trade bloc/ organisation which regulates the production of oil within 12 countries
where is the head quarter of opec
egypt (A+)
What are the organs of opec
Saudia Arabia opec OPEC oil reserves OPEC oil crisis
BP is simply an Oil producing firm whilst OPEC is a trade bloc/ organisation which regulates the production of oil within 12 countries
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One key difference between OPEC (Organization of the Petroleum Exporting Countries) and the WTO (World Trade Organization) is their primary focus. OPEC aims to coordinate and unify petroleum policies among member countries to stabilize oil markets, while the WTO focuses on regulating international trade and resolving trade disputes. Additionally, OPEC is a voluntary organization composed of oil-producing countries, while the WTO is a global institution with a broader membership that includes most countries in the world.
The EU is just the European Union. Any countries of Europe can apply to receive EU membership if they qualify. The EU (or Euro) zone is the collection of member countries which share the currency the Euro. The Euro is now compulsory for all EU members, except the UK and Denmark which have opted out but may join in the future.
OPEC was formed between September 10-14 1960, and was in effect January 1961.
Tare as mai vrea si eu sa stiu .....
opec
Yes. Europe is a continent consisting of about 50 countries. The European Union is an organisation, of which 27 of those countries are a member of.
The former came into being by the Treaty of Rome 1957 and the latter by the Treaty on European Union of 1992 but the Treaty of Lisbon of 2007 (ratified in 2009) amended those two treaties to make the EC (renamed TFEU, Treaty on the Functioning of the EU) as one of the three pillars of the EU.
OPEC
where is the head quarter of opec
OPEC's population is 372,368,429.