ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES (OPEC)
ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES (OPEC): Opec was established in Baghdad, Iraq in 1960, following the meeting of five leading oil-producing countries summoned by Iraq. The five countries are Iraq, Kuwait, Saudi- Arabia, Venezuela, and Quatar etc. NOTE: The headquarters of OPEC is in Vienna where ordinary meetings of the organization take place. AIMS/OBJECTIVES OF …