Meaning Organisation of Petroleum Exporting Countries
What does Organisation of Petroleum Exporting Countries mean? Here you find 3 meanings of the word Organisation of Petroleum Exporting Countries. You can also add a definition of Organisation of Petroleum Exporting Countries yourself
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Organisation of Petroleum Exporting CountriesOPEC is a permanent intergovernmental organisation, created in 1960, with the objective of co-ordinating and unifying petroleum prices among member states.
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Organisation of Petroleum Exporting CountriesA group of 11 petroleum exporting countries, which are heavily reliant on oil revenues as their main source of income. The member states of OPEC are: Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nig [..]
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Organisation of Petroleum Exporting Countries A cartel of countries which works to protect the price of oil by storing reserves and monitoring the international market.
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