What Is OPEC?

Answer

OPEC is a acronym that means Organization of Petroleum Exporting Countries and it is an intergovernmental organization that is composed of 12 oil producing countries. The headquarters of OPEC are located in Vienna.
1 Additional Answer
Ask.com Answer for: what is opec
OPEC
[oh-pek]
NOUN
1.
an organization founded in 1960 of nations that export large amounts of petroleum: formed to establish oil-exporting policies and set prices.
Source: Dictionary.com
Q&A Related to "What Is OPEC?"
OPEC stands for Organization of the Petroleum Exporting Countries. It was created to protect the interests of oil producing countries. Right now there are 12 counties involved in
http://answers.ask.com/Society/Government_and_Law/...
The Organization of the Petroleum Exporting Countries (OPEC) is a cartel of twelve developing countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar
http://wiki.answers.com/Q/What_is_OPEC
The Organization of Petroleum Exporting Countries, a central body which, at regular intervals, fixes the price of oil on the international markets. Although a supplier of oil, Britain
http://www.answers.com/topic/opec-2
Cartels are usually made illegal by national governments in the interest of their country's conusmers. However, in this case of OPEC, the members are Governments themselves trying
http://www.quora.com/Energy/Why-is-the-OPEC-cartel...
Explore this Topic
The purpose of OPEC it allows oil producing countries to guarantee their income by coordinating policies and prices among them. OPEC has expanded to include seven ...
The purpose of OPEC it allows oil producing countries to guarantee their income by coordinating policies and prices among them. OPEC has expanded to include seven ...
The purpose of OPEC it allows oil producing countries to guarantee their income by coordinating policies and prices among them. OPEC has expanded to include seven ...
About -  Privacy -  AskEraser  -  Careers -  Ask Blog -  Mobile -  Help -  Feedback © 2014 Ask.com