Answers of Quiz 1763 (OPEC)

1. OPEC = Organization of the Petroleum Exporting Countries
2. 10-14 September 1960
3. Vienna, Austria
4. English
5. 14 states: Algeria, Angola, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela
6. 5 countries: Iran, Iraq, Kuwait, Saudi Arabia, Venezuela
7. In Baghdad, Iraq
8. Mohammed Sanusi Barkindo
9. 43%
10. 73%
11. To coordinate & unify the petroleum policies of its member countries & ensure the stabilization of oil markets, in order to secure an efficient, economic & regular supply of petroleum to consumers, a steady income to producers, & a fair return on capital for those investing in the petroleum industry.
12. Iran, Iraq, Kuwait, Qatar, Saudi Arabia
13. Indonesia
14. Algeria, Angola, Gabon, Libya, Nigeria
15. Ecuador, Venezuela
16. Approval of a new member country requires agreement by three-fourths of the existing members, including all five of the founders.
17. Sudan
18. Gabon
19. Twice in a year
20. Saudi Arabia
21. China
22. US

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