Question on: JAMB Economics - 2024
Which of the following NOT among the objectives of OPEC?
A
to stabilize the price of oil in the world market
B
to established petroleum refineries in all member state
C
to stabilize the revenue from oil to producing countries
D
to make sure that oil flows to all the consuming countries
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Correct Option: B
OPEC's primary objectives include stabilizing oil prices, ensuring a steady income for member countries, and securing a consistent oil supply for consumers. Building petroleum refineries in all member states isn't a core objective of OPEC. While member states might independently establish refineries, it is not a collective goal of the organization.
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