OPIC meaning in Regional ?

Regional Miscellaneous in Regional . 1 month ago

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What is Organization of Petroleum Importing Countries mean?


The Organization of Petroleum Importing Countries was a cartel (or a proposal for a cartel) of countries that primarily consume petroleum, to counter the influence of OPEC, the Organization of Petroleum Exporting Countries.

It was reported in the early 1980s that Costa Rica had led the establishment of a group of countries under this name.

There were also calls in the early 21st century for an organization fulfilling such a role. It was argued that it was in the interests of developing countries and that it would also act to the benefit of developed countries.

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Posted on 20 Dec 2024, this text provides information on Regional related to Miscellaneous in Regional. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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