HISTORY
HISTORY OF THE MIDDLE EAST
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What is OPEC (Organization of Petroleum Exporting Countries)?
|
|
union of oil producing countries that regulate the amount of oil each country is able to produce.
|
|
|
Oceania People in Every Colonies
|
|
|
Organization of People exiting Countries.
|
|
|
Group of Rich Kings in the Middle East who control the exports of oil
|
Explanation:
Detailed explanation-1: -The Organization of the Petroleum Exporting Countries is a cartel consisting of 13 of the world’s major oil-exporting nations. OPEC aims to regulate the supply of oil in order to set the price on the world market.
Detailed explanation-2: -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-3: -OPEC Present Members include Iran, Iraq, Kuwait, Saudi Arabia, Venezuela, Qatar, Indonesia, Libya, UAE, Algeria and Nigeria.
There is 1 question to complete.