Organization of Petroleum Exporting Countries

geographical name
variants: or OPEC \ ˈō-​ˌpek How to pronounce OPEC (audio) \

Definition of Organization of Petroleum Exporting Countries

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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