Q. With reference to OPEC+, consider the following statements:
It is a permanent, intergovernmental organization, created at the Baghdad Conference in 1960
It is a coalition of oil-producing countries that includes Russia and Mexico.
How many of the above statements are correct? Answer:
Only 2
Notes:
It is a permanent, intergovernmental organization, created at the Baghdad Conference in 1960. Incorrect: The Organization of the Petroleum Exporting Countries (OPEC), and not OPEC+, is a permanent, intergovernmental organization, created at the Baghdad Conference in 1960, by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela.
It is a coalition of oil-producing countries that includes Russia and Mexico. Correct: The non-OPEC countries which export crude oil are termed as OPEC plus countries. OPEC plus countries include Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, Russia, South Sudan and Sudan.