Which of the following NOT among the objectives of OPEC?

Step 1: Analyze the question We are asked to find the option that is NOT an objective of OPEC (Organization of the Petroleum Exporting Countries).

Step 2: Recall the concept OPEC was founded in 1960 (Baghdad). Its main objectives are:

• Coordinate and unify petroleum policies among member countries
• Stabilize oil prices in the international oil market and avoid harmful fluctuations
• Ensure a steady income (revenue) for producing countries
• Ensure an efficient, economic and regular supply of petroleum to consuming nations
• Ensure a fair return on capital for those investing in the oil industry

Step 3: Check each option

• A. Stabilize the price of oil in the world market: This is a core OPEC objective. ✔
• B. Establish petroleum refineries in all member states: OPEC does not have this as an objective. Building refineries is a decision for each country (like Nigeria's Dangote or NNPC refineries), not an OPEC mandate. ✘
• C. Stabilize the revenue from oil to producing countries: This is an OPEC objective (steady income for members). ✔
• D. Ensure oil flows to all consuming countries: This matches the objective of a regular supply to consumers. ✔

Step 4: Answer

Exam tip: Remember OPEC's objectives with the keywords "Price, Policy, Profit/Revenue, Supply". If an option talks about building infrastructure like refineries in every member state, it is outside OPEC's role.