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OPEC¡¯s Benefit for the Member Countries

Author

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  • Jamola Khusanjanova

Abstract

The Organisation of Petroleum Exporting Countries (OPEC) is a permanent inter - governmental organisation composed of member states whose economies mostly rely on revenues from oil export. The OPEC¡¯s twelve members work together to coordinate the overall oil price in the world market. So far, there have been numerous studies on OPEC¡¯s influence on the world petroleum market. Current study mainly looks at the role of OPEC in development of the member countries. Investigates what kind of benefits does the member countries get from being member of the Organisation of Petroleum Exporting Countries and its influence on the economic development of the member countries.

Suggested Citation

  • Jamola Khusanjanova, 2011. "OPEC¡¯s Benefit for the Member Countries," Research in World Economy, Research in World Economy, Sciedu Press, vol. 2(1), pages 14-23, April.
    • Handle: RePEc:jfr:rwe111:v:2:y:2011:i:1:p:14-23
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    References listed on IDEAS

    as
    1. Humphries, Michael E, 1995. "The competitive environment for oil and gas financing," Energy Policy, Elsevier, vol. 23(11), pages 991-1000, November.
    2. Noguera, Jose & Pecchecnino, Rowena A., 2007. "OPEC and the international oil market: Can a cartel fuel the engine of economic development?," International Journal of Industrial Organization, Elsevier, vol. 25(1), pages 187-199, February.
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