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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 was OPEC?

OPEC is the Organization of the Petroleum Exporting Countries. It is an international organization and economic cartel that consists of the major oil-exporting nations in the world. Its main goal was to stop the world's largest oil refiners and producers from lowering oil prices. They wanted to gain control over the price of oil.


What happened on the 32nd OPEC Conference?

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.


Is OPEC a free trade agreement?

No, OPEC (the Organization of the Petroleum Exporting Countries) is not a free trade agreement. Instead, it is a coalition of oil-producing countries that coordinates and unifies petroleum policies to stabilize oil markets and secure fair prices for consumers and producers. While free trade agreements focus on reducing trade barriers and promoting trade between countries, OPEC's primary goal is to manage oil production and prices among its member states.


What are facts about OPEC?

The Organization of the Petroleum Exporting Countries (OPEC) was founded in 1960 and consists of 13 member countries, primarily from the Middle East, Africa, and South America. OPEC's primary goal is to coordinate and unify petroleum policies among its members to ensure stable oil prices and secure a fair income for oil-producing nations. The organization plays a significant role in the global oil market, influencing production levels and prices. OPEC also works closely with non-member countries, notably through the OPEC+ alliance, to manage oil supply.


What political organization had the goal of protecting the independence of large and small countries after World Was II?

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What is goal of the world trade organization?

The goal of the World Trade Organization is to acquire raw materials for first-world multinationals by impeding trade with third-world countries who do not submit to their demands for to adopt an open market.


What was the goal of the union blockade?

To prevent the Confederacy from exporting its plentiful cotton in exchange for war supplies.


Which is not a goal of navsta rotas ems?

eliminating our dependence on petroleum


What are the objectives of OPEC?

To Control the price of OilThe goal of OPEC is to regulate gas prices.


What is the goal of an organization?

It depends on what type of an organization it is. If it is a privately owned organization the goal is "To Maximize Profit" If it is a Public limited company (Has its shares listed in the stock market) the goal is "To Maximize shareholder wealth"

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