CURRENT AFFAIRS

2018

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which of the following countries announced that it is to quit from the Organization of the Petroleum Exporting Countries (OPEC) in January 2019?

A	Saudi Arabia
B	Qatar
C	Iran
D	Iraq

Explanation:

Detailed explanation-1: -Which country left OPEC? Qatar left OPEC on 1 January 2019, after joining the organization in 1961, to focus on natural gas production, of which it is the world’s largest exporter in the form of liquified natural gas (LNG).

Detailed explanation-2: -Qatar terminated its membership on 1 January 2019. This means that, currently, the Organization has a total of 13 Member Countries. The OPEC Statute distinguishes between the Founder Members and Full Members - those countries whose applications for membership have been accepted by the Conference.

Detailed explanation-3: -Detailed Solution. The correct answer is Brazil. OPEC was founded on 14th September 1960.

Detailed explanation-4: -Current OPEC members are Algeria, Angola, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, the Republic of the Congo, Saudi Arabia, the United Arab Emirates and Venezuela. Meanwhile, Ecuador, Indonesia and Qatar are former OPEC members.

There is 1 question to complete.