OPEC’s Benefit for the Member Countries

Jamola Khusanjanova

Abstract


The Organisation of Petroleum Exporting Countries (OPEC) is a permanent inter - governmental organisation composed of member states whose economies mostly rely on revenues from oil export. The OPEC’s twelve members work together to coordinate the overall oil price in the world market. So far, there have been numerous studies on OPEC’s influence on the world petroleum market. Current study, manly looks at the role of OPEC in development of the member countries. Investigates what kind of benefits does the member countries get from being member of the Organisation of Petroleum Exporting Countries and its influence on the economic development of the member countries.

Full Text: PDF DOI: 10.5430/rwe.v2n1p14

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

Research in World Economy
ISSN 1923-3981(Print) ISSN 1923-399X(Online)

 

Copyright © Sciedu Press

To make sure that you can receive messages from us, please add the 'Sciedu.ca' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.