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Showing posts with label OPEC. Show all posts
Showing posts with label OPEC. Show all posts

Jul 25, 2019

[Answer] Which two South American countries are members of OPEC?

Step 1 : Introduction to the question "Which two South American countries are members of OPEC?"



...Fourteen oil-producing countries make up the membership of OPEC. The oil and energy ministers of these countries meet twice each year to coordinate the policies governing their oil production. The member countries follow an honor system in which each agrees to produce a certain amount, although there is no oversight or penalty for "cheating." All of the member countries are in Africa and the Middle East, with the exception of Venezuela and Ecuador in South America. Source: TheBalance.com