What is the full form of OPEC?

Question

what is OPEC and with which person is it related?

Answer 1

Oil Producing & Exporting Countries

Answer 2

oraganization of petolium export countries. It is body which attempts to set oil prices. It has 13 members. Its headquarter is vienna , austria.

indonesia has recently pulled out of OPEC

Answer 3

Organization of the Petroleum Exporting Countries

Answer 4

Organization of the Petroleum Exporting Countries                                      

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oil and petroleum exporting countries

Answer 5

The Organization of the Petroleum Exporting Countries (OPEC) is a group of twelve states made up of Iran, Iraq, Kuwait, Qatar, Saudi Arabia, the United Arab Emirates, Libya, Algeria, Nigeria, Angola, Venezuela and Ecuador. The organization has maintained its headquarters in Vienna since 1965, and hosts regular meetings among the oil ministers of its member states.

According to its statute, the principal goal is the determination of the best means for safeguarding their interests, individually and collectively; devising ways and means of ensuring the stabilization of prices in international oil markets with a view to eliminating harmful and unnecessary fluctuations; giving due regard at all times to the interests of the producing nations and to the necessity of securing a steady income to the producing countries; an efficient, economic and regular supply of petroleum to consuming nations, and a fair return on their capital to those investing in the petroleum industry.

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Answer 6

Oil Producing And Exporting Countries.- It is association of oil producing nations.

Answer 7

"Breathe Carolinaaa"has got it absolutely right.The

second answer is wrong.