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Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela, Qatar, Indonesia, Socialist People's Libyan Arab Jamahiriya, the United Arab Emirates, Algeria, Nigeria, Ecuador, Gabon, and Angola.
Currently 12 countries within OPEC.
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What determines the fuel price?
The OPEC decides mainly, because they control the oil, OPEC is all of the middle eastern countries that have oil and export it
Who controls the prices of Arab oil?
It is mainly the 'Organization of the Petroleum Exporting Countries' (OPEC).
What is OPEC what countries are a part of OPEC?
egypt (A+)
Why is the U.S. not part of OPEC?
The U.S. is not part of OPEC because OPEC stands for the Organization of the Petroleum Exporting Countries, and the U.S. is a major oil producer but not a member of this organization. OPEC is mainly composed of oil-rich countries that collaborate to coordinate oil production and pricing to stabilize the market.
How does OPEC operate?
Strictly controls all the elderly people and how they produce oil
What impact can OPEC decisions have on the world?
The roe of OPEC is to regulate the petroleum industries among member countries. OPEC stands for Organization of the Petroleum Exporting Countries.
What is the name of the group of oil producing countries mainly Arab formed in 1960 to control international oil prices?
The answer you are looking for is most likely OPEC (Organization of Petroleum Exporting Countries), but there are several non-Middle Eastern members of OPEC like Venezuela and Nigeria.
Which countries are non-OPEC countries?
Egypt
What is the organization known as OPEC?
The organization that is known as OPEC is the Organization of Petroleum Exporting Countries. This organization has a goal of producing steady income for countries that are members of OPEC.
What organization is known as OPEC?
The organization that is known as OPEC is the Organization of Petroleum Exporting Countries. This organization has a goal of producing steady income for countries that are members of OPEC.
Do only Arab countries belong to OPEC?
This is false. Four OPEC members are non-Arab countries.
Is southwest Asia part of OPEC?
Not all Southwest Asian countries are part of OPEC but over half of OPEC's membership comes from Southwest Asia and a good number of Southwest Asian countries are OPEC members.
