WORLD HISTORY

HISTORY

NEW NATIONS EMERGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
“The principal aim of the Organization shall be the coordination and unification of the petroleum policies of Member Countries and the determination of the best means for safeguarding their interests, individually and collectively."What is the “Organization” referred to in this passage?
A
PLO
B
Hezbollah
C
OPEC
D
United Arab Emirates
Explanation: 

Detailed explanation-1: -OPEC’s objective is to co-ordinate and unify petroleum policies among Member Countries, in order to secure fair and stable prices for petroleum producers; an efficient, economic and regular supply of petroleum to consuming nations; and a fair return on capital to those investing in the industry.

Detailed explanation-2: -The Organization of the Petroleum Exporting Countries (OPEC) is a permanent intergovernmental organization of 12 oil-exporting countries that coordinates and unifies the policies of its Member States, protects their interests and ensures the stabilisation and supply of oil markets.

Detailed explanation-3: -The Organization of the Petroleum Exporting Countries (OPEC) is a permanent intergovernmental organization of oil-exporting developing nations that coordinates and unifies the petroleum policies of its Member Countries.

Detailed explanation-4: -Organization of the Petroleum Exporting Countries (OPEC) Its current mission is to coordinate petroleum policies between its member countries with the goal of stabilizing the oil market for consumers, producers, and investors.

Detailed explanation-5: -OPEC is a permanent intergovernmental organization of 13 oil-exporting developing nations that coordinates and unifies the petroleum policies of its Member Countries.

There is 1 question to complete.