What is the full form of OPEC?


  1. What is the full form of OPEC?
  1. The full form of OPEC is Organization of Petroleum Exporting Countries. It is an intergovernmental organization of 13 oil-producing countries: Algeria, Angola, Ecuador, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. It was founded on 14 September 1960, in Baghdad by five countries, and headquartered since 1965 in Vienna, Austria.

    Functions of OPEC


    1. Coordinate with the petroleum policies of its member countries.

    2. Provide a regular supply of petroleum to customer

    3. To concentrate on setting the oil cost on the international market.

    4. Solve issues related to oil production, pricing, distribution, etc.


What is the full form of OPEC?