Question

OPEC stands for

• A. Oil Production and Export Consortium
• B. Organization of Petroleum Exporting Countries
• C. Overseas Production and Energy Corporation
• D. Operational Petrochemical Engineering Committee

Answer 1

Answer:

B. Organization of Petroleum Exporting Countries

OPEC stands for Organization of Petroleum Exporting Countries. (It is a group of countries that coordinate and unify petroleum policies to secure fair and stable prices for petroleum producers. / ന്യായവും സ്ഥിരവുമായ വില ഉറപ്പാക്കാൻ)