OPEC stands for ______________.
OPEC stands for ______________.
The correct option is B Organization for petroleum exporting countries
The Organization
of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing
of an agreement in September 1960 by five countries namely Islamic Republic of
Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. Currently, the
Organization comprises 15 Member Countries – namely Algeria, Angola, Congo, Ecuador, Equatorial
Guinea, Gabon, IR Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia,
United Arab Emirates and Venezuela. The non-OPEC countries
which export crude oil are termed as OPEC plus countries. OPEC
plus countries
include Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman,
Russia, South Sudan and Sudan. The Organization of the Petroleum
Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing of an
agreement in September 1960 by five countries namely Islamic Republic of Iran,
Iraq, Kuwait, Saudi Arabia and Venezuela. They were to become the Founder
Members of the Organization.
The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing of an agreement in September 1960 by five countries namely Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. Currently, the Organization comprises 15 Member Countries – namely Algeria, Angola, Congo, Ecuador, Equatorial Guinea, Gabon, IR Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela. The non-OPEC countries which export crude oil are termed as OPEC plus countries. OPEC plus countries include Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, Russia, South Sudan and Sudan. The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing of an agreement in September 1960 by five countries namely Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. They were to become the Founder Members of the Organization.
