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In Relationship to Organization of Petroleum Exporting Countries (OPEC), Venezuela

Question 7

Multiple Choice

In relationship to Organization of Petroleum Exporting Countries (OPEC) , Venezuela:


A) Was with Saudi Arabia a founding member of the organization
B) Was not a member because it was competing with Middle East exporters
C) Was sympathetic but unwilling to join because of pressure from the US, its largest export market
D) Saw it as a model and created a South American version of OPEC called "petrosure"

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