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Noun: OPEC  'ow,pek
  1. An organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum
    "OPEC bumped up the price of oil";
    - Organization of Petroleum-Exporting Countries, Organisation of Petroleum-Exporting Countries [Brit]

Type of: global organisation [Brit], global organization, international organisation [Brit], international organization, oil cartel, world organisation [Brit], world organization

Encyclopedia: OPEC