OPEC's objective is to co-ordinate and unify petroleum policies among Member Countries, in order to secure fair and stable prices for petroleum producers; an efficient, economic and regular supply of petroleum to consuming nations; and a fair return on capital to those investing in the industry.
This defines the statutory reason for the department existence
Saudi Arabia is a member of OPEC, which collectively determine oil prices for the oil producing countries in that region. As of 7 October 2014, the cost for a barrel of oil from OPEC was US $89.37.
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needs
Opec was founded in 1960to coordinate the petroleum policies of its memers ad to provide member states with technical and economical aid.
Economics
Economics
To keep an eye on the movement of oil throughout the world and control it
opec
To perpetuate their existence by changing their goal or reason for existence, after they have achieved their original goal and no longer have a reason to continue.
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.