Their economies rely heavily on exports.
egypt (A+)
The roe of OPEC is to regulate the petroleum industries among member countries. OPEC stands for Organization of the Petroleum Exporting Countries.
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.
The US is vulnerable to OPEC because of the oil import. There is about 40% oil in OPEC countries.
Saudia Arabia opec OPEC oil reserves OPEC oil crisis
They are not extensively industrialized
They are not extensively industrialized. Their economies rely heavily on exports.
Their economies rely heavily on exports.
OPEC is a worldwide consortium of oil exporting countries - there isn't one country or region which defines OPEC.
No. OPEC Members are all oil producing countries. Germany is not an oil producing country.
Venezuela is a Spanish-speaking country that is a member of OPEC (Organization of the Petroleum Exporting Countries).
No. Although Mexico is a major oil exporting country, it does not belong to the OPEC (Organization of the Petroleum Exporting Countries).
egypt (A+)
The roe of OPEC is to regulate the petroleum industries among member countries. OPEC stands for Organization of the Petroleum Exporting Countries.
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.
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.
Egypt