OPEC

OPEC
abbr. Fin
Organization of the Petroleum Exporting Countries: an international organization of 11 developing countries, each one largely reliant on oil revenues as their main source of income, that tries to ensure there is a balance between supply and demand by adjusting the members’ oil output. The current members, Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela, meet at least twice a year to decide on output levels and discuss recent and anticipated oil market developments.

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  • OPEC — [ oːpɛk] die; ; nur Sg; (Abk für Organization of Petroleum Exporting Countries) die Organisation der Staaten, die Erdöl exportieren || K : OPEC Länder, OPEC Staaten …   Langenscheidt Großwörterbuch Deutsch als Fremdsprache

  • OPEC — Organization of Petroleum Exporting Countries Short Dictionary of (mostly American) Legal Terms and Abbreviations …   Law dictionary

  • OPEC — sigla ES ingl. Organization of Petroleum Exporting Countries, organizzazione dei paesi esportatori di petrolio …   Dizionario italiano

  • OPEC — 〈f.; Gen.: ; Pl.: unz.; Abk. für engl.〉 Organization of Petroleum Exporting Countries (Organisation Erdöl exportierender Länder) …   Lexikalische Deutsches Wörterbuch

  • OPEC — [ˈəupek US ˈou ] n Organization of Petroleum Exporting Countries an organization of countries that produce and sell oil …   Dictionary of contemporary English

  • OPEC — [ ou,pek ] Organization of Petroleum Exporting Countries: an organization that controls the supply and price of the oil in the world market …   Usage of the words and phrases in modern English

  • OPEC — acronym for Organization of Petroleum Exporting Countries, founded 1960 …   Etymology dictionary

  • OPEC — (Organization of Petroleum Exporting Countries) n. international organization for oil exporting countries that share the same commercial policies …   English contemporary dictionary

  • OPEC — DEFINICIJA krat. Organizacija zemalja izvoznica nafte ETIMOLOGIJA engl.: Organization of Petroleum Exporting Countries …   Hrvatski jezični portal

  • OPEC — [ o:pɛk ], die; = Organization of the Petroleum Exporting Countries (Organisation der Erdöl exportierenden Länder) …   Die deutsche Rechtschreibung

  • OPEC — ► ABBREVIATION ▪ Organization of the Petroleum Exporting Countries …   English terms dictionary

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