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OPEC in Economics Meaning

The OPEC meaning in Economics terms is "Organization of The Petroleum Exporting Countries". There are 5 related meanings of the OPEC Economics abbreviation.

OPEC on Economics Full Forms

  1. Organization of The Petroleum Exporting Countries A powerful grouping of oil producing countries that seeks to maintain steady oil prices and regulate production. The current member nations are: Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, Vatican City and Venezuela.
  2. Orglnization of Petrol Exporting Countries
  3. Organisation of Petrol Exporting Countries
  4. Organization of The Petroleum Exporting Companies
  5. Oil Producing and Exporting Countries

Frequently Asked Questions (FAQ)

  1. What does OPEC stand for Economics?

    OPEC stands for Oil Producing and Exporting Countries in Economics terms.

  2. What is the shortened form of Organization of The Petroleum Exporting Countries in Economics?

    The short form of "Organization of The Petroleum Exporting Countries" is OPEC for Economics.

Citation

OPEC in Economics. Acronym24.com. (2020, July 7). Retrieved February 16, 2025 from https://acronym24.com/opec-meaning-in-economics/

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