കെ.കെ.കെ.വി.എം.എച്ച്.എസ്സ്,പൊത്തപ്പള്ളി./അക്ഷരവൃക്ഷം/OPEC

OPEC OPEC stands for the Organization of Petroleum Exporting Countries. It is made up of countries that have come together for the purpose of negotiating with oil companies on matters of petroleum production,prices,and future concession rights. OPEC was created at the Baghdad Conference in September 1960,by Iran,Iraq Kuwait,Saudi Arabia and Venezuela. They were the five founding members who were later joined by nine other countries. Two of them were suspended later, and now OPEC has only twelve members. OPEC's purpose os to protect the interests of oil-producing countries and they unite in policy to pritect their common interets. Its decisions have a large influence on the world price of oil. OPEC tries to control the world oil price through setting quotas for its members,which are raised when the oil price is high, and lowered when it is low. Prictically speaking, OPEC weilds a powerful weapon in that it dominates the crude oil market and can Virtually dictate crude oil prices. അയിഷ ഷാജി 8 സി കെ കെ കെ വി എം ഹയർ സെക്കന്ററി സ്കൂൾ പൊത്തപ്പള്ളി തെക്ക് കുമാരപുരം അമ്പലപ്പുഴ ഉപജില്ല ആലപ്പുഴ അക്ഷരവൃക്ഷം പദ്ധതി, 2020 ലേഖനം  സാങ്കേതിക പരിശോധന - Sachingnair തീയ്യതി: 22/ 04/ 2020 >> രചനാവിഭാഗം - ലേഖനം