Organization of the Petroleum Exporting Countries (OPEC)
Posted on : 09 Dec 2019Views: 425
- The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.
- These countries were later joined by Qatar (1961), Indonesia (1962), Libya (1962), the United Arab Emirates (1967), Algeria (1969), Nigeria (1971), Ecuador (1973), Gabon (1975), Angola (2007), Equatorial Guinea (2017) and Congo (2018).
- Qatar terminated its membership on 1 January 2019.
- OPEC had its headquarters in Geneva, Switzerland, in the first five years of its existence. This was moved to Vienna, Austria, on September 1, 1965.
Article Related Questions
Which of the following are the members of OPEC?
Which of the following statement is/are correct?
1.1, 3, 5
2.1, 2, 3, 4
3.2, 4, 5
4.All of the above
Right Ans : All of the above