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2022-06-25 23:18:58 -

http://www.encyclopedia.com/topic/OPEC.aspx

http://www.encyclopedia.com/topic/OPEC.aspx

Opec | Encyclopedia.com
ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES (OPEC) >group formed in 1960 to protect economic interests of oil-exporting >countries. In the early 1950s, international oil companies (IOCs) developed the posted price system to help host governments estimate oil revenues in advance.

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