*Oil Producing countries.
*OPEC
Explain both
Answers
Answer ➡
Oil Producing Countries Are :-
●Iran
●United States
●Russia
●Canada
OPEC Defination :-
The Organization of the Petroleum Exporting Countries
Oil Producing countries :-
➡ Many countries produce crude oil, and the United States is one of the top five largest crude oil producers in the world.
➡On 2nd place its Saudi Arabia.
➡Petroleum :- - Major oil-producing countries like U.S , Saudi Arabia. etc as petroleum resources are not distributed evenly around the world.
Info :- How long oil will last?
its only about 53.3 years, A/c to BP's annual report on proved global oil reserves .
- OPEC :-
Stands for Organization of the Petroleum Exporting Countries is an intergovernmental organisation of 14 nations worldwide and is founded in 1960 in Baghdad.
Aim :-
The main objectives of OPEC are to co-ordinate and unify the petroleum policies of Member Countries and to safeguard their interests.
➡They regulate the supply of petroleum to consumers with a steady income to producers and also a fair return.