What is OPEC || full details of opec

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).

Ecuador suspended its membership in December 1992, rejoined OPEC in October 2007, but decided to withdraw its membership of OPEC effective 1 January 2020. Indonesia suspended its membership in January 2009, reactivated it again in January 2016, but decided to suspend its membership once more at the 171st Meeting of the OPEC Conference on 30 November 2016. Gabon terminated its membership in January 1995. However, it rejoined the Organization in July 2016. Qatar terminated its membership on 1 January 2019.

This means that, currently, the Organization has a total of 13 Member Countries.


MCQ: 01-Organization of Petroleum Exporting Countries was established in

a)Austria
b)Iraq
c)Abu Dhabi
d)Saudi Arabia

MCQ:02- Organization of Petroleum Exporting Countries was formed in

A)1962
B)1968
C)1960
D)1965

MCQ: 03- Headquarter of Organization of Petroleum Exporting Countries is located in

A) Austria
B)Italy
C)Abu Dhabi
D)Saudi Arabia

MCQ: 04- international organization which coordinates and unify the petroleum policies is

A) United Nations Economic Commission
B) United Nations Industrial Commission
C) SAARC
D) OPEC

MCQ:05- Official currency used for indexing in Organization of Petroleum Exporting countries is

A)US Dollars
B)Australian Dollars
C)Saudi Riyal
D)Euro

Give the answers in comments.....