What does the letter 'P' in the abbreviation 'OPEC' stands for?

Options :
  1. Political
  2. Petroleum
  3. Peoples
  4. Presidential
Answer and Explanation :-

Answer: Option 2


The abbreviation 'OPEC' stands for Organization of the Petroleum Exporting Countries. OPEC is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10-14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela to co-ordinate the policies of the oil-producing countries.

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