OPEC, the Organization of the Petroleum Exporting Countries, was founded on September 14, 1960. The founding members included Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela, who aimed to coordinate and unify petroleum policies among member countries. The establishment of OPEC was a response to the increasing control of oil prices by multinational companies and to ensure fair and stable prices for petroleum producers. The organization's first conference was held in Geneva, Switzerland.
where is the head quarter of opec
egypt (A+)
What are the organs of opec
Saudia Arabia opec OPEC oil reserves OPEC oil crisis
The US is vulnerable to OPEC because of the oil import. There is about 40% oil in OPEC countries.
opecs problems; the increase in the production of Non-Opec members , the Drive for energy conservation. it is obvious that if the drive for energy conservation strengthens, opec members will start to loose money, their cartel will be of no use anymore since people will start to buy alternative energy sources that are cheaper and environmental friendly.
opec
What are the organs of opec
where is the head quarter of opec
OPEC's population is 372,368,429.
egypt (A+)
Saudia Arabia opec OPEC oil reserves OPEC oil crisis
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?
OPEC is so silly
The US is vulnerable to OPEC because of the oil import. There is about 40% oil in OPEC countries.
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