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Organization of Petroleum-Exporting Countries

DEFINITIONS OF: Organization of Petroleum-Exporting Countries

1

n an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum

Synonyms:
OPEC
Type of:
oil cartel
a cartel of companies or nations formed to control the production and distribution of oil
global organization, international organisation, international organization, world organisation, world organization
an international alliance involving many different countries
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