In 1971, which government raised its price of oil, thus resulting in other opec countries doing the same?

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22 December, 13:26

In 1971, which government raised its price of oil, thus resulting in other opec countries doing the same?

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Cheerio · Answer 1

In 1971, the government that raised its price of oil thus resulting in other OPEC countries doing the same is Libya.

Some members of the OPEC or Organization of Petroleum Exporting Countries are the following:

Iraq, Iran, Angola, Libya, Qatar, Saudi Arabia, UAE.