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OPEC

OPEC [ ṓ pèk ]


noun 
Definition:
 
group of petroleum-exporting countries: an organization of oil-producing countries that share the same policies regarding the sale of petroleum. The members are Algeria, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.
Full form  Organization of Petroleum Exporting Countries


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