WORLD HISTORY

HISTORY

HISTORY OF THE MIDDLE EAST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
OPEC stands for the following:
A
Organization of People Exporting Country
B
Organization of People Exporting Cats
C
Organization of Petroleum Exporting Countries
D
Organization of Petroleum Exporting Continents
Explanation: 

Detailed explanation-1: -The Organization of the Petroleum Exporting Countries (OPEC, /ˈoʊpɛk/ OH-pek) is an organization enabling the co-operation of leading oil-producing countries, in order to collectively influence the global market and maximize profit.

Detailed explanation-2: -OPEC’s original headquarters were located in Geneva, Switzerland, but were moved in 1965 to Vienna, Austria. As of 2022, OPEC has 13 member countries. Seven are located in Africa, five in the Middle East, and one in South America.

Detailed explanation-3: -Key Takeaways. The Organization of the Petroleum Exporting Countries Plus (OPEC+) is a loosely affiliated entity consisting of the 13 OPEC members and 10 of the world’s major non-OPEC oil-exporting nations.

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