DEVELOPMENT IN MIDDLE EAST
DEMOCRATIC REFORMS IN MIDDLE EAST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the purpose of OPEC?
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To regulate the environmental policies of drilling for oil
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To distribute money made from oil to the lower classes of the countries
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To regulate the price of oil for the world market
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To protect the oil fields from western countries like the USA
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Explanation:
Detailed explanation-1: -OPEC agreed to coordinate energy policies to ensure a fair price for their exported oil and a steady supply to the market. The governments of the OPEC countries agreed to coordinate with petroleum firms (both state owned and private) in order to manipulate the worldwide oil supply and therefore the price of oil.
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