OAPEC
Okay kiddo, let me explain what OAPEC means. OAPEC is an abbreviation that stands for the "Organization of Arab Petroleum Exporting Countries".
Now, this organization is made up of nine countries in the Middle East and North Africa that export oil.
The countries that are part of OAPEC are Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, and the United Arab Emirates.
The goal of OAPEC is to coordinate and strengthen the economies of these countries by working closely together in the oil industry. They do this by setting policies on issues like oil production, prices, and exports.
So, OAPEC is like a club where countries from the Middle East work together to make sure they are all doing well in the oil industry.
Now, this organization is made up of nine countries in the Middle East and North Africa that export oil.
The countries that are part of OAPEC are Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, and the United Arab Emirates.
The goal of OAPEC is to coordinate and strengthen the economies of these countries by working closely together in the oil industry. They do this by setting policies on issues like oil production, prices, and exports.
So, OAPEC is like a club where countries from the Middle East work together to make sure they are all doing well in the oil industry.