OPEC Flashcards
1
Q
Full form ?
A
Organization of Petroleum Exporting countries
2
Q
What is OPEC ?
A
Permanent Intergovtal organization of 14 oil exporting developing nations
3
Q
Which nation has currently decided to leave OPEC ?
A
Eucador as they couldnt comply with the rules of decreasing petroleum production
4
Q
OPEC founding year ?
A
1960 in Baghdad
5
Q
Who were the first 5 founding members ?
A
Iran , Iraq, Kuwait, Saudi Arabia, venezuela
