OPEC (Organization of the Petroleum Exporting Countries)


  • An intergovernmental organization whose stated objective is to coordinate and unify petroleum policies among member countries. It was created at the Baghdad Conference on September 10 and ndash;14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. The five founding members were later joined by nine other members


    OPEC (Organization of the Petroleum Exporting Countries) meaning & definition 1 of OPEC (Organization of the Petroleum Exporting Countries).

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