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OPEC The Organization of the Petroleum export Countries The Organization of the Petroleum export Countries (OPEC) was created at the Baghdad Conference, September 9-14 of 1960. The organization was formed by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. These were the universe members. The group has since grown to thirteen members. on that point are also three countries that have utilize to OPEC since the ordinal member was inducted, but they have not been accepted. The louvre founding members have a ban power everyplace the summing up to new members.

Besides this veto OPEC is set up so that all of the countr ies are equal members. In effect to travel a member of OPEC a country essential be a substantial net exporter of petroleum and its interests in the manufacture are fundamentally similar to that of the members. In devote to puzzle a member they need to be ratified by three fourths of the full members and all of the founding members, because of their veto power. D...If you wishing to get a full essay, order it on our website: OrderEssay.net

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