shelbiehobbs07
shelbiehobbs07 shelbiehobbs07
  • 24-02-2021
  • Geography
contestada

opec was formed in the 1960s in response to oil companies __________.

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af4af2af6
af4af2af6 af4af2af6
  • 24-02-2021

Answer:

OPEC was founded in 1960 by Venezuela, Saudi Arabia, Iran, Iraq and Kuwait in response to oil price reductions enacted by international oil companies, which adversely affected the revenues of the oil-exporting governments. It formed, as one OPEC delegate once remarked, “as a cartel to counter a cartel.”

Explanation:

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frutiepebbles774 frutiepebbles774
  • 18-10-2021

Answer: B lowering oil prices

Explanation:

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