Q. Which of the following is/are member country/countries of “Organization of the Petroleum Exporting Countries”?
1.Russia
2.Algeria
3.Nigeria
Choose the correct answer from below given codes:
Answer: C
Notes:
Explanation: Organization of the Petroleum Exporting Countries is an intergovernmental organization of 13 nations to coordinate and unify their petroleum policies and ensure the stabilization of oil markets, in order to have regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.
- Members -Iran, Iraq, Kuwait, Saudi Arabia, Venezuela, Libya, UAE, Algeria, Nigeria, Gabon, Angola, Equatorial Guinea and Congo.
- Qatar announced its termination of its membership from January 2019. Russia is not a member of OPEC. OPEC countries produce about two-fifths of the world’s crude oil.
Source: FORUMIAS
