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OPEC Fast Facts

OPEC Fast Facts

CNN
Wednesday, April 06, 2022 07:17:17 PM UTC

Read CNN's Fast Facts for a look at the Organization of the Petroleum Exporting Countries, headquartered in Vienna, Austria.

Facts

The purpose of OPEC is to "coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry."

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