OPEC

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OPEC

 (ō′pĕk′)
abbr.
Organization of Petroleum Exporting Countries

OPEC

(ˈəʊˌpɛk)
n acronym for
(Commerce) Organization of Petroleum-Exporting Countries: an organization formed in 1961 to administer a common policy for the sale of petroleum. Its members are Algeria, Angola, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. Ecuador and Gabon were members but withdrew in 1992 and 1995 respectively

OPEC

(ˈoʊ pɛk)

n.
Organization of Petroleum Exporting Countries.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.OPEC - an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum
oil cartel - a cartel of companies or nations formed to control the production and distribution of oil
Algeria, Algerie, Democratic and Popular Republic of Algeria - a republic in northwestern Africa on the Mediterranean Sea with a population that is predominantly Sunni Muslim; colonized by France in the 19th century but gained autonomy in the early 1960s
Arab Republic of Egypt, Egypt, United Arab Republic - a republic in northeastern Africa known as the United Arab Republic until 1971; site of an ancient civilization that flourished from 2600 to 30 BC
Bharat, India, Republic of India - a republic in the Asian subcontinent in southern Asia; second most populous country in the world; achieved independence from the United Kingdom in 1947
Dutch East Indies, Indonesia, Republic of Indonesia - a republic in southeastern Asia on an archipelago including more than 13,000 islands; achieved independence from the Netherlands in 1945; the principal oil producer in the Far East and Pacific regions
Iran, Islamic Republic of Iran, Persia - a theocratic Islamic republic in the Middle East in western Asia; Iran was the core of the ancient empire that was known as Persia until 1935; rich in oil
Al-Iraq, Irak, Iraq, Republic of Iraq - a republic in the Middle East in western Asia; the ancient civilization of Mesopotamia was in the area now known as Iraq
State of Kuwait, Koweit, Kuwait - an Arab kingdom in Asia on the northwestern coast of the Persian Gulf; a major source of petroleum
Libya, Socialist People's Libyan Arab Jamahiriya - a military dictatorship in northern Africa on the Mediterranean; consists almost entirely of desert; a major exporter of petroleum
Katar, Qatar, State of Katar, State of Qatar - an Arab country on the peninsula of Qatar; achieved independence from the United Kingdom in 1971; the economy is dominated by oil
Kingdom of Saudi Arabia, Saudi Arabia - an absolute monarchy occupying most of the Arabian Peninsula in southwest Asia; vast oil reserves dominate the economy
United Arab Emirates - a federation of seven Arab emirates on the eastern Arabian peninsula; achieved independence from the United Kingdom in 1971; rich in oil reserves
Republic of Venezuela, Venezuela - a republic in northern South America on the Caribbean; achieved independence from Spain in 1811; rich in oil
Translations
OPEC

OPEC

[ˈəʊpek] N ABBR =Organization of Petroleum-Exporting CountriesOPEP f

OPEC

[ˈəʊpɛk] n abbr (=Organization of Petroleum-Exporting Countries) → OPEP f(= Organisation des pays exportateurs de pétrole)op-ed page n (US)tribune f libre

OPEC

abbr of Organization of Petroleum Exporting CountriesOPEC f; OPEC countryOPEC-Land nt

OPEC

[ˈəʊpɛk] n abbr =Organization of Petroleum-Exporting CountriesO.P.E.C. f
References in periodicals archive ?
SANA'A, March 20 (Saba) - Yemen and World Bank (WB) and Organization of the Petroleum Exporting Countries (OPEC) discussed here on Thursday issues related to granting Yemen an additional fund of $50 million for public work project.
Twenty-three Asian countries represented by their ministers of energy, along with three international organizations, namely Organization of the Petroleum Exporting Countries (OPEC), the International Energy Agency (IEA) and the Secretariat General of the International Energy Forum (IEF).
Energy Department, the International Energy Agency and the Organization of the Petroleum Exporting Countries all this week release their latest assessment of the energy markets, which includes a forecast for worldwide demand for oil.
Summary: Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, is leading the UAE delegation to the 163rd meeting of the Organization of the Petroleum Exporting Countries (OPEC) which started today in Vienna.
The increase has made Iraq for the first time in decades a premier producer within the Organization of the Petroleum Exporting Countries (OPEC).
The district court granted the defendants' motion for dismissal under the act of state doctrine and political question doctrine, finding that the complaints involved decisions of the Organization of the Petroleum Exporting Countries (OPEC) and the defendants' involvement in such decision making.
Summary: High oil prices represent a potentially major burden for importers with global economic recovery still fragile, leading Organization of the Petroleum Exporting Countries ministers said Monday.
The Organization of the Petroleum Exporting Countries agreed last week to keep the group's output target unchanged.
The Organization of the Petroleum Exporting Countries (OPEC) is a cartel of twelve countries made up of Iran, Algeria, Angola, Ecuador, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela found in 1965 with its headquarters in Vienna and hosts regular meetings among the oil ministers of its member countries.
Summary: The Organization of the Petroleum Exporting Countries (OPEC) upped crude oil demand for 2010 from 1.
Al-Attiyah headed Qatar 's delegation to the 154th regular meeting of the Organization of the Petroleum Exporting Countries (OPEC).
The Organization of the Petroleum Exporting Countries saw the total value of its petroleum sales abroad reach almost $1,007 billion in 2008, up from $746 billion in 2007, which was itself a record.

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