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Organisation of Petroleum Exporting Countries (OPEC)
OPEC's 12 members are the oil producing nations from the Middle East, Asia, and South America. OPEC coordinates the policies of members and determines the best means to safeguard their interests such as ensuring the stabilisation of international oil prices. Headquarters is in Vienna, Austria.
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- Part of Speech: noun
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- Industry/Domain: Politics
- Category: Political Science
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