What does “OPEC” stand for? – Answer the following What does “OPEC” stand for? Correctly and Stand a chance to win Amazing Prizes Every Day.
Get the right Answer to the What does “OPEC” stand for? that you are looking for. In this article, you can find the right answer and Stand a chance to win awesome prizes in Amazon Quiz.
What does “OPEC” stand for?
Answer – Organization of the Petroleum Exporting Countries – OPEC is an organization of the major oil-producing nations that coordinates petroleum policies, among other activities. Oil is a big business in the Middle East, and nations such as Saudi Arabia have long recognized that they shared certain interests with their fellow oil-producing countries. The Organization of the Petroleum Exporting Countries was established in 1960 in Baghdad, Iraq. Though not strictly limited to countries in the Middle East (Latin American, African, and Asian nations have also been members), OPEC’s power is concentrated in that part of the world, and particularly in Saudi Arabia.:
Conclusion
I hope found the right Answer to What does “OPEC” stand for?. If you have any doubts, please let me know in the comments section right below.
| EliteAnswers Home | Click Here |