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Translations for „OPEC“ in the English » Arabic Dictionary (Go to Arabic » English)

OPEC

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English
The OPEC oil shocks spawned huge improvements in energy efficiency, particularly insofar as oil was concerned.
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So when OPEC reduces its production and makes oil more expensive, we have no other choice we must pay it.
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With the drop in oil prices, OPEC lost its unity.
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This $2.2 billion decision triggered a collective OPEC response.
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Their introduction coincided with the 1973 OPEC oil embargo, and sales of all full-size cars plummeted.
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During 1998, due mainly to low oil prices, OPEC crude oil export revenues fell 30 percent (to $100 billion) from the previous year.
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In that same month, the OPEC meeting which heralded the first oil shock.
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And tellingly, in 1982 the kingdom and other OPEC oil producers ceased releasing production data by field...
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At the same time, OPEC funds deposited in western banks provided a ready source of funds for loans.
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He is best known for his role during the 1973 oil embargo, when he spurred OPEC to quadruple the price of crude oil.
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