127k views
4 votes
In 1971, which government raised its price of oil, thus resulting in other opec countries doing the same?

User SteAp
by
6.9k points

1 Answer

4 votes

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.

User Mohmmed Ali
by
5.6k points