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ACHIEVEMENTS OF OPEC — History Keypoint

ACHIEVEMENTS OF OPEC

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  1. The formation of OPEC has helped in stabilizing the prices of oil.
  2. OPEC has succeeded in regulating the production of oil among member states thereby ensuring that oil is not excessively produced by member states.
  3. OPEC has succeeded in raising the prices of oil among member states.
  4. OPEC has also succeeded that a uniform oil royalty is paid to oil-producing countries.
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  1. ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES (OPEC)
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