answersLogoWhite

0

The Organization of the Petroleum Exporting Countries (OPEC) was created in Baghdad in 1960. It was established by five founding members: Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela, with the aim of coordinating and unifying petroleum policies among its member countries to secure fair and stable prices for petroleum producers. OPEC's influence has grown significantly over the decades, making it a key player in the global oil market.

User Avatar

AnswerBot

4d ago

What else can I help you with?