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Organization of the Petroleum Exporting Countries
(Or¦gan|iza|tion of the Pet¦rol|eum Ex¦port|ing Coun|tries)
Pronunciation:
/ˈəʊpɛk/
(abbreviation:
OPEC
/ˈəʊpɛk/)
an association of the thirteen major oil-producing countries, founded in 1960 to coordinate policies. Its headquarters are in Vienna.
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