OPEC
| Documentation: |
| Comment: OPEC, the OrganizationOfPetroleumExportingCountries, an InternationalOrganizationOfCountries consisting of most of the major and middle-sized oil-producing countries in the world. #$OPEC is concerned with the price of, commerce in and marketing of Petroleum-CrudeOil . By controlling the production of oil it keeps prices artificially high. |
| Group Membership: |
| OPEC is a member of the international community. |
| Affiliations: |
| OPEC sold goods or services to Italy and Japan in 1997. |
| There are many of some generic agent such that it is an industrialized country and it is a member of OPEC. |
| Miscellaneous: |
| OPEC is an organization of countries and an oil cartel. |
| Japan and Italy sold goods or services to OPEC in 1997. |
| The stated purpose of OPEC is: #$OPEC, the Organization of Petroleum Exporting Countries, is an InternationalOrganizationOfCountries which consists of most of the major and middle-sized oil-producing countries in the world. #$OPEC is concerned with the price of, commerce in, and marketing of #$PetroleumProducts. By controlling the production of oil it keeps prices high. OPEC is composed exclusively of industrialized countries. |
| OPEC's production quota of crude petroleum products in 1998 was 27.5 million barrels per day. OPEC's production quota of crude petroleum products in 1997 was 25.033 million barrels per day. OPEC started in September 1960. |