The responsibility for admitting new members to the OPEC rests with the

The responsibility for admitting new members to the OPEC rests with the

Answer Details

The responsibility for admitting new members to the Organization of the Petroleum Exporting Countries (OPEC) rests with the Conference. The Conference is the highest decision-making body of OPEC and is made up of oil ministers from member countries. It meets at least twice a year to make important decisions regarding oil production, pricing, and market stabilization. One of the responsibilities of the Conference is to consider and decide on membership applications from countries interested in joining OPEC. To become a member, a country must meet certain criteria such as having a substantial exportable oil reserve, being a net oil exporter, and being willing to cooperate with other OPEC member countries. Once a country submits an application, the Conference will evaluate the country's eligibility based on the established criteria and make a decision on whether to accept or reject the application. If the application is accepted, the new member will be required to abide by OPEC's policies and agreements. In summary, the Conference has the responsibility for admitting new members to OPEC.