Question

Q11. Which of the following is/are members of the Organization of the Petroleum Exporting Countries (OPEC)?

i. Algeria

ii. Nigeria

iii. Gabon

iv. Ecuador

v. Iran

• A. a) i), ii) and v)
• B. b) i), ii), iii) and v)
• C. c) ii), iv) and v)
• D. d) All of the above

Answer 1

The correct option is D

d) All of the above

The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing of an agreement in September 1960 by five countries namely Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. They were to become the Founder Members of the Organization. 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) and Equatorial Guinea (2017)