Grp. created at the Baghdad Conference, 1960

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Possible Answers: OPEC.

Random information on “OPEC”:
OPEC (OPEC; /oʊpɛk/ OH-pek) is the Organization of the Petroleum Exporting Countries. It is an oil cartel whose mission is to coordinate the policies of the oil-producing countries. The goal is to secure a steady income to the member states and to secure supply of oil to the consumers. Those who invest in petroleum activities should receive a fair return on their investments.[2]
Taken from Wikipedia