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How many countries in Africa are members of the Organization of Petroleum Exporting Countries (OPEC) ?

How many countries in Africa are members of the Organization of Petroleum Exporting Countries (OPEC) ? Correct Answer 7

The correct answer is 7.

  • As of January 2021, OPEC has 13 member countries: five in the Middle East (Western Asia), seven in Africa, and one in South America.

Key Points

  • Organization of the Petroleum Exporting Countries (OPEC):
    • It is made up of 13 member nations.
    • It was founded in September 1960 in Baghdad, Iraq.
    • The five founding members are Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela.
    • The other full members are Algeria, Angola, Congo, Equatorial Guinea, Gabon, Libya, Nigeria, and United Arab Emirates.
    • Its headquarters are in Vienna, Austria.
  • OPEC’s main objectives are:
    • Unification and coordination of petroleum policies among Member Countries, in order to achieve just and stable prices for petroleum producers
    • Ensuring an efficient, economic, and regular supply of petroleum to consuming nations and an adequate return of investment

Related Questions

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