8. Q.8) Consider the following statements about The Organization of the Petroleum Exporting Countries (OPEC) ;
- OPEC is a permanent, intergovernmental organization.
- It aims to manage the supply of oil in an effort to set the price of oil in the world market, in order to avoid fluctuations.
- Its membership is open to any country that is a substantial exporter of oil and shares the ideals of the organization.
Which of the statements given above is/are correct?