To regulate petroleum prices around the world.
cost push inflation
where is the head quarter of opec
egypt (A+)
What are the organs of opec
OPEC was created so that the prices for oil could be unified. it was also created so that the producers of the oil have a stable price as well.
To regulate petroleum prices around the world.
cost push inflation
opec
OPEC is an alliance formed by the oil producing countries of the world who collude and decide on how much oil to produce, keeping the cost higher than it should be.
The formation of the Organization of Petroleum Exporting Countries (OPEC) occurred in September of 1960 at the Baghdad Conference, It was created by five countries which included Kuwait, Venezuela, Iran, Iraq, and Saudi Arabia. As of 2014, there are 12 member countries. OPEC's goal was to have more control over oil prices and their petroleum resources.
where is the head quarter of opec
OPEC's population is 372,368,429.
egypt (A+)
What are the organs of opec
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.