Meaning Organization of the Petroleum Exporting Countries
What does Organization of the Petroleum Exporting Countries mean? Here you find 6 meanings of the word Organization of the Petroleum Exporting Countries. You can also add a definition of Organization of the Petroleum Exporting Countries yourself
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Organization of the Petroleum Exporting Countries Organization of Petroleum Exporting Countries.
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Organization of the Petroleum Exporting CountriesA group of countries that includes many, but not all, of the largest exporters of oil. Its major purpose is to regulate the supply of petroleum and thereby to stabilize (often raise) its price. The in [..]
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Organization of the Petroleum Exporting Countrieswhose mandate is to coordinate and unify the petroleum policies of its members and to ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum [..]
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Organization of the Petroleum Exporting CountriesCreated in 1960, OPEC currently has 12 members: Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela. Its mission is “to coordinate and [..]
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Organization of the Petroleum Exporting CountriesA powerful grouping of oil producing countries that seeks to maintain steady oil prices and regulate production. The current member nations are: Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, Vatican City and Venezuela.For more information, see the OPEC website.
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Organization of the Petroleum Exporting CountriesSince the 1960s, the Organization of the Petroleum Exporting Countries (OPEC) has dominated the world oil market by exercising physical control over a ...
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