ACHIEVEMENTS OF OPEC
- The organization has created a forum where member states can resolve their problems.
- The organization has put the activities of multi-national companies to check.
- The common fund established by the organization has helped to reduce the financial problems of the members.
- The organization has encouraged member states to take part in oil exploration.
- OPEC has succeeded to some extent in regulating production of oil and raising the prize of oil in recent time.
PROBLEMS OF OPEC
- The issue of quota: Member states do not abide by the directives of the organization on oil quota.
- The discovery of North sea oil and the competition is a great threat to prize stabilization.
- Oil storage: The rate at which some developed countries are storing crude oil, is a great threat to OPEC.
- Frequent international crisis has affected the prize of oil. e.g the Gulf war (1990-1991).
- Economic depression worldwide can bring down the prize of oil.
- Research: Some developed counties are carrying out research to find alternative to oil. This has negatively affected the prize of oil.
- State 4 achievements of OPEC.
- Give 3 failures of OPEC.
GENERAL EVALUATION/REVISION QUESTIONS
- Highlight 4 functions of the Secretariat of OPEC.
- What are the reasons for Nigeria making Africa the centre-piece of her foreign policy.
- Mention the aims of O.A.U.
- Mention the factors affecting Nigeria’s foreign policy.
Essential government by C.C. Dibie pages 264-266
Comprehensive government by J.U. Anyaele pages 230-231
- The current Secretary general of OPEC is (a)
- The following are organs of OPEC except (a) Security council (b) the Conference (c) the Secretariat
- The Conference of OPEC holds her meetings ——– in a year (a) twice (b) once (c) thrice
- The Secretariat of OPEC is located in (a|) U.S.A (b) Britain (c) Austria
- The Secretary general of OPEC stays in office for a period of _____ years (a) four (b) three (c) five
- Give four functions of the Secretary General of OPEC.
- Discuss the origin of OPEC.
- problems of opec
- problems of opec in nigeria
- problems of opec and solutions
- 5 problems of opec
- five problems of opec
- 10 problems of opec
- 6 problems of opec
- six problems of opec
- list the problems of opec
- explain the problems of opec
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