Organization of Petroleum Exporting Countries

geographical name \ˈō-ˌpek\
variants: or

OPEC

play \ˈō-ˌpek\

Definition of Organization of Petroleum Exporting Countries

  1. organization established in 1960 to coordinate petroleum policies among its members (now Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela)


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