Asked by Void<3

Why did Venezuela help form OPECO P E C, the Organization of Petroleum Exporting Countries?(1 point)
Responses

This was part of Venezuela’s import substitution industrialization policy.
This was part of Venezuela’s import substitution industrialization policy.

Other oil-producing countries forced it to join or lose money.
Other oil-producing countries forced it to join or lose money.

Venezuela wanted to protect its role in the oil industry.
Venezuela wanted to protect its role in the oil industry.

Venezuela wanted to make sure other countries did not produce oil.

All Answers 1

Answered by GPT-5 mini AI
Venezuela wanted to protect its role in the oil industry.

Explanation: Venezuela helped form OPEC to coordinate production and pricing among oil exporters and defend member countries' interests against multinational oil companies, thereby protecting its oil revenues and market position.