which is a main goal of opec? a. to stop production of oil in the middle east b. to prevent industrialized countries from having oil c. to establish christianity in iran d. to increase the price of oil around the world
OPEC is an organization of the petroleum and exporting countries with 13 nations that are founded on the 14 Sept 1960 in Baghdad by the Iran, Kuwait, Venezuela and the Saudi Arabia as main members.
These 14 members account for 44% of the global oil production and about 81% of the world's oil reserves. The OPEC is responsible for the stabilization of the prices and resolution of any disputes regarding the oil prices in the world.
