#wikipedia.org. Organization of the Petroleum Exporting Countries. The Organization of the Petroleum Exporting Countries (OPEC, OH-pek) is a cartel enabling the co-operation of leading oil-producing and oil-dependent countries in order to collectively influence the global oil market and maximize profit. It was founded on 14 September 1960, in Baghdad by the first five members which are Iran, Iraq, Kuwait, Saudi Ara
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