Organization of Petroleum-Exporting Countries


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Related to Organization of Petroleum-Exporting Countries: World Trade Organization
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Noun1.Organization of Petroleum-Exporting Countries - an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum
OPEC
oil cartel - a cartel of companies or nations formed to control the production and distribution of oil
global organization, international organisation, international organization, world organisation, world organization - an international alliance involving many different countries
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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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References in periodicals archive ?
The local stock barometer slumped on continued foreign selling as domestic political jitters added to sluggish regional investor sentiment ahead of the Organization of Petroleum-Exporting Countries (Opec) meeting.
PSEi down 1.18%
The United States improved its trade performance with all its major trading partners, with the exceptions of Canada, China and the Organization of Petroleum-Exporting Countries nations.
Higher exports aid U.S. trade balance
The three factors most responsible for the oil glut that has released the Organization of Petroleum-Exporting Countries' (OPEC's) economic stranglehold over the developed world are an investment in energy conservation of unforeseen magnitude, a flooding of world oil markets with non-OPEC oil--most notably from Mexico and the North Sea--and the biggest global recession since World War II.
Portents of U.S. oil vulnerability

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