Which of the following NOT among the objectives of OPEC?

JAMB Economics 2024 208 views
Source: JAMB · 2024

Which of the following NOT among the objectives of OPEC?

  1. to stabilize the revenue from oil to producing countries
  2. to stabilize the price of oil in the world market
  3. to make sure that oil flows to all the consuming countries
  4. to established petroleum refineries in all member state ✓
Explanation

OPEC focuses on oil prices and supply coordination. Member countries handle their own refineries independently.

OPEC aims to stabilize oil markets and protect member revenues. Building refineries in each country is not their goal.

OPEC is about production and pricing policy, not building infrastructure in member states.

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