Advertisements
Advertisements
Question
Mention OPEC missions and how does it help other countries?
Answer in Brief
Advertisements
Solution
OPEC’S Mission:
- To coordinate oil policies in its member countries.
- Help stabilize oil markets.
- To secure fair and stable income to petroleum producers.
- An efficient, economic, and regular supply of oil to consuming nations.
- A fair return on capital to those investing in the petroleum industry.
How does OPEC help other countries?
- The OPEC, fund for International Development (OPID) is an institution that helps finance projects with low-interest loans.
- It also provides grants to social and humanitarian projects.
- OPEC has an information center with over 20,000 volumes including books reports, maps, and conferences, proceedings related to petroleum energy and the oil markets.
- The information center is open to the public and is often used by researchers and students.
shaalaa.com
India and International Organisations
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
OPEC is ______.
Mention the member countries of BRICS.
Trace the reason for the formation of BRICS and write its objectives.
Give a short note on BRICS payment system.
NDB gives priority to projects aimed at developing ______ sources.
Which centre has cover 20,000 volumes including books, maps related to petroleum?
Who is an active member of BRICS.
Which bank is lending for infrastructure project?
______ is an institution that help finance projects with low-interest loans.
Mention the India’s relationship with OPEC.
