OPEC

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 Dictionary entry overview: What does OPEC mean? 

• OPEC (noun)
  The noun OPEC has 1 sense:

1. an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum

  Familiarity information: OPEC used as a noun is very rare.

 Dictionary entry details 

• OPEC (noun)

Sense 1

Meaning:

An organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum

Classified under:

Nouns denoting groupings of people or objects

Synonyms:

OPEC; Organization of Petroleum-Exporting Countries

Hypernyms ("OPEC" is a kind of...):

oil cartel (a cartel of companies or nations formed to control the production and distribution of oil)

global organization; international organisation; international organization; world organisation; world organization (an international alliance involving many different countries)

Meronyms (members of "OPEC"):

Algeria; Algerie; Democratic and Popular Republic of Algeria (a republic in northwestern Africa on the Mediterranean Sea with a population that is predominantly Sunni Muslim; colonized by France in the 19th century but gained autonomy in the early 1960s)

Angola; Republic of Angola (a republic in southwestern Africa on the Atlantic Ocean; achieved independence from Portugal in 1975 and was the scene of civil war until 1990)

Ecuador; Republic of Ecuador (a republic in northwestern South America; became independent from Spain in 1822; the landscape is dominated by the Andes)

Dutch East Indies; Indonesia; Republic of Indonesia (a republic in southeastern Asia on an archipelago including more than 13,000 islands; achieved independence from the Netherlands in 1945; the principal oil producer in the Far East and Pacific regions)

Iran; Islamic Republic of Iran; Persia (a theocratic Islamic republic in the Middle East in western Asia; Iran was the core of the ancient empire that was known as Persia until 1935; rich in oil)

Al-Iraq; Irak; Iraq; Republic of Iraq (a republic in the Middle East in western Asia; the ancient civilization of Mesopotamia was in the area now known as Iraq)

Koweit; Kuwait; State of Kuwait (an Arab kingdom in Asia on the northwestern coast of the Persian Gulf; a major source of petroleum)

Libya; Socialist People's Libyan Arab Jamahiriya (a military dictatorship in northern Africa on the Mediterranean; consists almost entirely of desert; a major exporter of petroleum)

Federal Republic of Nigeria; Nigeria (a republic in West Africa on the Gulf of Guinea; gained independence from Britain in 1960; most populous African country)

Katar; Qatar; State of Katar; State of Qatar (an Arab country on the peninsula of Qatar; achieved independence from the United Kingdom in 1971; the economy is dominated by oil)

Kingdom of Saudi Arabia; Saudi Arabia (an absolute monarchy occupying most of the Arabian Peninsula in southwest Asia; vast oil reserves dominate the economy)

United Arab Emirates (a federation of seven Arab emirates on the eastern Arabian peninsula; achieved independence from the United Kingdom in 1971; rich in oil reserves)

Republic of Venezuela; Venezuela (a republic in northern South America on the Caribbean; achieved independence from Spain in 1811; rich in oil)