ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES (OPEC)
DEFINITION OF OPEC The Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental organization consisting of 13 oil-producing countries. OPEC was founded in 1960 in Baghdad, Iraq, with the goal of coordinating and unifying petroleum policies among its member countries to ensure fair and stable prices in the global oil market. The current member […]
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