Recently Angola has decided to leave OPEC, the organization of oil producing countries.

Recently Angola has decided to leave OPEC, the organization of oil producing countries.

Daily Current Affairs   /   Recently Angola has decided to leave OPEC, the organization of oil producing countries.

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Category : Business and economics Published on: December 23 2023

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  • The full name of OPEC is Organization of Petroleum Exporting Countries.
  • Recently the African country Angola has decided to leave OPEC, the organization of oil-producing countries.
  • Angola is the second largest oil-producing country in the African continent.
  • Angola joined OPEC in 2007.
  • Angola has decided to leave this organization due to differences over production objectives.
  • OPEC was established in Baghdad in the year 1960 AD.
  • Presently its headquarters is located in Vienna, Austria.
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