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Tag: OPEC

OPEC and Its Impact on World Economy

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Petroleum

The Organization of the Petroleum Exporting Countries, also known as OPEC or OPEP in a few languages, is an international supranational organization that was founded by five countries. 1960 is opec established year. These five countries, that is, Iraq, Iran, Kuwait, Saudi Arabia and Venezuela were represented in a meeting in Baghdad. At this time, […]