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OPEC, or the Organization of the Petroleum Exporting Countries, is a multinational organization founded in 1960 to coordinate and unify the petroleum policies of its member countries. It aims to ensure the stabilization of oil markets, secure a steady supply of oil to consumers, and provide a fair return on capital to those investing in the oil industry. OPEC's member countries primarily consist of oil-rich nations in the Middle East, Africa, and South America. The organization plays a significant role in influencing global oil prices and production levels.
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What organization is known as OPEC?
The organization that is known as OPEC is the Organization of Petroleum Exporting Countries. This organization has a goal of producing steady income for countries that are members of OPEC.
What type of organization is OPEC?
A Cartel
What year was OPEC founded?
Organization of the Petroleum Exporting Countries (OPEC) Organization: Founded at Baghdad Conference, September 10-14, 1960. By. Univonline.
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.
Where is OPEC headquarter?
The organization has maintained its headquarters in Vienna since 1965,
What is the organization known as OPEC?
The organization that is known as OPEC is the Organization of Petroleum Exporting Countries. This organization has a goal of producing steady income for countries that are members of OPEC.
What organization is known as OPEC?
The organization that is known as OPEC is the Organization of Petroleum Exporting Countries. This organization has a goal of producing steady income for countries that are members of OPEC.
What does the acronym OPEC stand for?
OPEC stands for Organization of the Petroleum Exporting Countries.
What type of organization is OPEC?
A Cartel
Where is OPEC located?
The headquarters of OPEC are located in Vienna, Austria.
What year was OPEC founded?
Organization of the Petroleum Exporting Countries (OPEC) Organization: Founded at Baghdad Conference, September 10-14, 1960. By. Univonline.
Is lybia a part of regional organization?
OPEC
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.
Indonesia has decided to resign from membership of which organization?
OPEC
OPEC headquarters location?
The headquarters of OPEC (Organization of the Petroleum Exporting Countries) is located in Vienna, Austria.
Where is OPEC headquarter?
The organization has maintained its headquarters in Vienna since 1965,
What organization's goal is to control the worlds production and price of oil?
OPEC is the organization that controls the world's production and price of oil. The members of OPEC come from twelve oil producing states.
