Which of the following NOT among the objectives of OPEC?
- to stabilize the price of oil in the world market
-
to established petroleum refineries in all member state
- to stabilize the revenue from oil to producing countries
- to make sure that oil flows to all the consuming countries
The correct answer is: B
Explanation
OPEC, which stands for the Organization of the Petroleum Exporting Countries, is an intergovernmental organization consisting of major oil-producing countries. Its main objectives are to coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets. However, establishing petroleum refineries in member states is not one of OPEC's objectives.