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date: 22 January 2020

OPEC (Organization of the Petroleum Exporting Countries) 

Source:
A Dictionary of Contemporary World History
Author(s):

Christopher Riches,

Jan Palmowski

Founded in 1960, it consisted of the main Arabian oil-producing countries, as well as Indonesia, Nigeria, and Venezuela. OPEC aimed to counter the influence of the large oil companies and to gain greater control over the price of oil. Following the ... ...

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