Geopolitical organizations similar to or like OPEC
Intergovernmental organization of countries. Wikipedia
The following chart lists countries and dependencies along with their capital cities, in English as well as any additional official language(s). In bold: Internationally recognized sovereign states Wikipedia
Physically bridging Europe and Asia, Turkey, a Muslim-majority country with two centuries of institutional westernization experience, constitutionally-mandated secular heritage, and institutional connections to the West, plays a distinctive and productive role in bridging the fault lines between Western and Islamic countries. To this end, Turkey uses its global diplomatic network—the fifth most extensive—of 246 diplomatic and consular missions. Wikipedia
Specialized agency of the United Nations that assists countries in economic and industrial development. Headquartered at the UN Office in Vienna, Austria, with a permanent presence in over 60 countries. Wikipedia
- During the oil boom of the 1970s, Nigeria accumulated a significant foreign debt to finance major infrastructural investments.
- Oil prices had been high because of OPEC's lock on oil production, and López Portilla borrowed money from foreign banks for current spending to fund social programs.
- Following the war, Nigeria enjoyed the oil boom of the 1970s, during which the country joined OPEC and received huge oil revenues.
- Since the discovery of oil in the early 20th century, Venezuela has been one of the world's leading exporters of oil, and it is a founding member of OPEC.
- OPEC (the Organization of Petroleum Exporting Countries) limits its members' oil production based on their "proven reserves."
- (The country joined OPEC in 1971.) Petroleum plays a large role in the Nigerian economy, accounting for 40% of GDP and 80% of Government earnings.
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