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[Solved] Which of the following countries is not a member of OPEC (Or [1]

Which of the following countries is not a member of OPEC (Organization of the Petroleum Exporting Countries)?. AAI ATC Junior Executive 25 March 2021 Official Paper (Shift 1)
– OPEC aims to regulate the supply of oil and price in the world market.. – OPEC was created at the Baghdad Conference in 1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela.
– The 14 Member Countries are – Iran, Iraq, Kuwait, United Arab Emirates(UAE), Saudi Arabia, Algeria, Libya, Nigeria, Gabon, Equatorial Guinea, Republic of Congo, Angola, Ecuador, and Venezuela.. The AAI JE ATC Recruitment was released for a total number of 356 vacancies

Saudi Arabia says new oil cuts show teamwork with Russia is strong [2]

Saudi Arabia says new oil cuts show teamwork with Russia is strong. – OPEC+ to do “whatever necessary” to support market
VIENNA, July 5 (Reuters) – Russia-Saudi oil cooperation is still going strong as part of the OPEC+ alliance, which will do “whatever necessary” to support the market, Saudi Energy Minister Prince Abdulaziz bin Salman told a conference on Wednesday.. OPEC+, a group comprising the Organization of the Petroleum Exporting Countries and allies including Russia which pumps around 40% of the world’s crude, has been cutting oil output since November in the face of flagging prices.
On Wednesday, benchmark Brent futures almost flat at $76.30 per barrel as of 1440 GMT, remaining below the $80-$100 per barrel that most OPEC nations need to balance their budgets.. OPEC says it does not have a price target and is seeking to have a balanced oil market to meet the interests of both consumers and producers.

Russia says OPEC+ sees no need for further oil output cuts [3]

Russia says OPEC+ sees no need for further oil output cuts. MOSCOW, April 27 (Reuters) – Russian Deputy Prime Alexander Novak said on Thursday the OPEC+ group of leading oil producers saw no need for further output cuts despite lower-than-expected Chinese demand, but that the organisation can always adjust policy if necessary.
Russia is part of the OPEC+ group of oil-producing countries that announced a combined reduction of around 1.16 million bpd earlier this month, a surprise decision the United States described as unwise.. Novak said Russian oil and gas condensate production is expected to decline to around 515 million tonnes (10.3 million bpd) this year from 535 million tonnes in 2022, broadly in line with a Reuters’ report this week.
He said the recovery of oil demand in China following the COVID-19 pandemic was “probably lower” than analysts and experts had expected and he regarded the market as balanced.. Novak said OPEC+ did not expect oil shortages on the global market after the production cuts, even though the International Energy Agency (IEA) said they risked exacerbating a supply deficit expected in the second half of the year.

OPEC : Member Countries [4]

The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing of an agreement in September 1960 by five countries namely Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. They were to become the Founder Members of the Organization.
Ecuador suspended its membership in December 1992, rejoined OPEC in October 2007, but decided to withdraw its membership of OPEC effective 1 January 2020. Indonesia suspended its membership in January 2009, reactivated it again in January 2016, but decided to suspend its membership once more at the 171st Meeting of the OPEC Conference on 30 November 2016
The OPEC Statute distinguishes between the Founder Members and Full Members – those countries whose applications for membership have been accepted by the Conference.. The Statute stipulates that “any country with a substantial net export of crude petroleum, which has fundamentally similar interests to those of Member Countries, may become a Full Member of the Organization, if accepted by a majority of three-fourths of Full Members, including the concurring votes of all Founder Members.”

Wikipedia [5]

Organization of the Petroleum Exporting Countries (OPEC). The Organisation of the Petroleum Exporting Countries (OPEC, /ˈoʊpɛk/ OH-pek) is an organisation enabling the co-operation of leading oil-producing countries in order to collectively influence the global oil market and maximise profit
The 13 member countries account for an estimated 30 percent of global oil production [2] and 80 percent of the world’s proven oil reserves.[citation needed]. In a series of steps in the 1960s and 1970s, OPEC restructured the global system of oil production in favour of oil-producing states and away from an oligopoly of dominant Anglo-American oil firms (the “Seven Sisters”).[3] In the 1970s, restrictions in oil production led to a dramatic rise in oil prices with long-lasting and far-reaching consequences for the global economy
The formation of OPEC marked a turning point toward national sovereignty over natural resources. OPEC decisions have come to play a prominent role in the global oil-market and in international relations

Non-OPEC Countries Join Deal to Cut Oil Production [6]

Last month the Organization of the Petroleum Exporting Countries (OPEC) enacted an agreement to cut oil production to shore up global prices. Now, after months of negotiations and over a decade since the last such bargain, a large group of non-OPEC countries have agreed to join with OPEC to further limit production
Many observers remain skeptical of the deal, worrying it will prove to be vulnerable to cheating, but that has not stopped the markets from responding positively to the news. Meanwhile, Iran, which also managed to negotiate an exemption from cutting production, has seen government officials, particularly from the reformist camp, tout the deal as a victory for Iranian diplomacy.
According to an Asharq Alawsat staff report, the agreement is significant because it comes more than a decade since the last one was struck between OPEC and non-OPEC countries, even as doubts remain about whether they will abide by it: “On Saturday, ministers of OPEC were discussing the cut of oil production to 600,000 barrels for non-OPEC countries. [The] president of [the] Organization of Petroleum Exporting Countries (OPEC), Qatar’s Energy Minister Mohammed bin Saleh al-Sada, said that non-OPEC countries agree to cut oil production by 558,000 barrels per day

Which of the following is not a member of OPEC? [7]

The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing of an agreement in September 1960 by five countries namely Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.. They were to become the Founder Members of the Organization
The above question is part of 35000+ General Studies MCQ Series Course on GKToday Android app.

Fact #836: September 1, Non-OPEC Countries Supply Nearly Two-thirds of U.S. Petroleum Imports [8]

The figure below shows the volume and source of imported petroleum to the United States from 1960 to 2013. The countries which are members of OPEC (Organization of the Petroleum Exporting Countries) are shown in shades of blue while non-OPEC countries are shown in shades of green
Petroleum imports then plummeted from the late 1970s through the early 1980s. While petroleum imports rebounded to a peak of nearly 14 million barrels per day in 2005, the share of imports from non-OPEC countries has grown and now accounts for a majority of imported petroleum
Between 2005 and 2013, overall petroleum imports have declined 28.5%.. |Year||Non-OPEC Countries||OPEC Countries||Total||Percent OPEC|

Drishti IAS [9]

According to the International Energy Agency (IEA), the Organisation of the Petroleum Exporting Countries (OPEC+) plus might face sharp demand fall due to a recent surge in crude oil production from the countries like USA, Norway, and Guyana.. – The non-OPEC countries which export crude oil are termed as OPEC plus countries.
Organization of the Petroleum Exporting Countries (OPEC). – The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental organization, created at the Baghdad Conference in 1960, by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela.
– OPEC membership is open to any country that is a substantial exporter of oil and which shares the ideals of the organization.. However, it rejoined the Organization in July 2016.

Organization Of The Petroleum Exporting Countries (OPEC) [10]

Organization Of The Petroleum Exporting Countries (OPEC). The Organization of the Petroleum Exporting Countries (OPEC) is a permanent intergovernmental organization of oil-exporting developing nations that coordinates and unifies the petroleum policies of its Member Countries
Equally important is OPEC’s role in securing an efficient, economic and regular supply of petroleum to consuming nations and a fair return on capital to those investing in the petroleum industry.. OPEC was founded on September 14, 1960, the result of a meeting that took place in the Iraqi capital of Baghdad, attended by the five Founder Members of the Organization: Iran, Iraq, Kuwait, Saudi Arabia and Venezuela
Currently, the Organization comprises 15 Member Countries – namely Algeria, Angola, Congo, Ecuador, Equatorial Guinea, Gabon, IR Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela.. Organization of the Petroleum Exporting Countries (OPEC)

Non-OPEC Oil Production [11]

Non-OPEC oil producers, which turn out most of the world’s oil, are operating near capacity.. – Current political and economic issues succinctly explained.
Experts say many of the non-OPEC producers have older, less productive wells, rising costs for new projects, and in some cases rising demand at home that may cut into exports. Higher prices have made difficult oil projects more lucrative, leading to increases in unconventional oil production–but that could change
While a few producers are expected to offset some of these declines, new production is coming online more slowly than originally projected. A 2007 study by the National Petroleum Council corroborates projections by a number of experts that the world is entering a period of growing demand amidst tightening supplies.

OPEC | Membership, Organization, History, & Facts [12]

Our editors will review what you’ve submitted and determine whether to revise the article.. – The Balance – OPEC and Its Goals, Members, and History
– Energy Education – Organization of petroleum exporting countries. – Library of Economics and Liberty -The Concise Encyclopedia of Economics – OPEC
OPEC, in full Organization of the Petroleum Exporting Countries, multinational organization that was established to coordinate the petroleum policies of its members and to provide member states with technical and economic aid.. OPEC was established at a conference held in Baghdad September 10–14, 1960, and was formally constituted in January 1961 by five countries: Saudi Arabia, Iran, Iraq, Kuwait, and Venezuela

What is OPEC? [13]

Qatar pulls out of the Organization of the Petroleum Exporting Countries, which controls global oil output.. Qatar announced on Monday it was leaving the Organization of the Petroleum Exporting Countries (OPEC), the world’s leading oil producing bloc.
Qatar supplied about 2 percent of annual OPEC output.. The decision comes days ahead of a scheduled meeting of the oil bloc in Vienna, Austria and amid tension with leading OPEC member Saudi Arabia, which has imposed a land and air blockade on Qatar since 2017.
OPEC was founded in 1960 by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela, five major oil-producing countries.. According to OPEC’s website, its goal is “to coordinate and unify the petroleum policies of its Member Countries and ensure the stabilisation of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry”.

The Organisation of Petroleum Exporting Countries (OPEC) [14]

– The Organisation of Petroleum Exporting Countries (OPEC). The Organisation of Petroleum Exporting Countries (OPEC)
Initially, Iran, Iraq, Kuwait, Saudi Arabia and Venezuela joined the organisation.. These five countries were followed by Qatar, (1961), Indonesia (1962), Libya (1962), the United Arab Emirates (1967), Algeria (1969), Nigeria (1971), Ecuador (1973-1992), Gabon (1975-1994), Angola (2007) and Equatorial Guinea (2017).
Currently, there are 13 members of OPEC, which are Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates and Venezuela.. Non-OPEC countries (Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, Russia, Sudan and South Sudan) closely cooperate with the organisation in the ‘OPEC Plus’ format

OPEC – Organisation of the Petroleum Exporting Countries [15]

OPEC – Organisation of the Petroleum Exporting Countries. The Organization of the Petroleum Exporting Countries (OPEC) is a permanent intergovernmental organization of 12 oil-exporting countries that coordinates and unifies the policies of its Member States, protects their interests and ensures the stabilisation and supply of oil markets.
Facing a context of low energy prices and an organised oil industry, OPEC was given the mission of guaranteeing the oil-producing countries a “fair and stable” oil price by controlling the exports. Until September 1st, 1965, the Headquarters were located in Geneva (Switzerland), until they were moved to Vienna (Austria).
In 1973, during Yom Kippur War, the Arabic OPEC Member States unilaterally increased by 70% the price of a barrel of crude oil, imposed a monthly reduction of the oil production by 5% and set up an embargo on oil supply to the United States and Western Europe. Between October 1973 and January 1974, the price of the reference “light Arabian” crude oil barrel was multiplied by four, from $2,32 to $9 a barrel

Ministry of External Affairs [16]

The Organization of Petroleum Exporting Countries (OPEC) comprises 11 oil-exporting developing countries. It was founded in Baghdad, Iraq, in September 1960, to unify and coordinate members’ petroleum policies
OPEC Present Members include Iran, Iraq, Kuwait, Saudi Arabia, Venezuela, Qatar, Indonesia, Libya, UAE, Algeria and Nigeria.. Presently, OPEC’s 11 members, collectively produce nearly 30 million barrels per day (One barrel equals 42 US gallons, or 159 litres) – 40% of the world’s crude oil output (75 million barrels per day), and possess more than 3/4th (nearly 80%) of the world’s total proven crude oil reserves (estimated at more than one trillion barrels)
OPEC members had total oil export revenue of USD 240 billion in 2003 (up 23% over 2002).. OPEC was formed in 1960 in response to lowering of oil prices by oil companies; which was followed by nationalizing of oil sectors in several exporting countries

Organization Of The Petroleum Exporting Countries (OPEC) [17]

OPEC is an acronym for the Organization of the Petroleum Exporting Countries. It is a permanent, intergovernmental organization, created at the Baghdad Conference in September 1960 by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela
|The Current Affairs page will help you keep track of the latest events both in the national and international sphere. The following links will further help their candidates in their exam preparation:
Despite strong opposition from the US, Saudi Arabia, along with other Arab and non-Arab oil producers, formed the Organization of Petroleum Producing Countries to get the best price possible from major oil corporations. Originally, Arab nations advocated for Beirut or Baghdad to be the headquarters of the OPEC but under strong objections from Venezuela, on basis of neutral grounds, Geneva in Switzerland was chosen

. Global Affairs and Strategic Studies. School de Derecho [18]

The country left the cartel in order to expand pumping, but the Covid-19 crisis has cut extraction volumes by 10.8%.. Construction of a variant of the oil pipeline that crosses the Andes, from the Ecuadorian Amazon to the Pacific [Petroecuador].
Ecuador preferred to sell more barrels, albeit at a lower price, because by exporting more at the end of the day written request it could increase its income and thus get out of its serious financial situation status , which the coronavirus emergency has only accentuated, with a fall in GDP in 2020 currently estimated at 9.5 per cent.. However, domestic economic difficulties and the difficult international situation have not only prevented Ecuador from expanding pumping, but oil production has fallen by 10.8% in the last year
agreement This is a volume that is below the 500,000 line that has always been exceeded in recent years (in 2019 production was 528,000), according to figures from Petroecuador, the state hydrocarbons company. The reduction in global consumption during the Covid-19 year also correlated with a drop in the consumption of derivatives in Ecuador, especially gasoline and diesel, which fell by 18.5%.

OPEC: Meaning, Members & Agreement [19]

The price of oil fluctuates as it is subject to recent events in the world that can affect its value or believed value. One global actor in particular changes the price of oil: OPEC (the Organisation of the Petroleum Exporting Countries)
Explore our app and discover over 50 million learning materials for free.. Lerne mit deinen Freunden und bleibe auf dem richtigen Kurs mit deinen persönlichen LernstatistikenJetzt kostenlos anmelden
The price of oil fluctuates as it is subject to recent events in the world that can affect its value or believed value. One global actor in particular changes the price of oil: OPEC (the Organisation of the Petroleum Exporting Countries)

which of these countries is not in opec
19 which of these countries is not in opec Advanced Guides

Sources

  1. https://testbook.com/question-answer/which-of-the-following-countries-is-not-a-member-o–5f58a9f5d370733c54c36cbf#:~:text=The%20correct%20answer%20is%20Brazil,world’s%20major%20oil%2Dexporting%20nations.
  2. https://www.reuters.com/business/energy/saudi-arabia-says-new-oil-cuts-show-teamwork-with-russia-is-strong-2023-07-05/#:~:text=VIENNA%2C%20July%205%20(Reuters),told%20a%20conference%20on%20Wednesday.
  3. https://www.reuters.com/business/energy/russia-says-opec-sees-no-need-further-oil-output-cuts-2023-04-27/#:~:text=Russia%20is%20part%20of%20the,United%20States%20described%20as%20unwise.
  4. https://www.opec.org/opec_web/en/about_us/25.htm
  5. https://en.wikipedia.org/wiki/OPEC
  6. https://mepc.org/commentary/non-opec-countries-join-deal-cut-oil-production
  7. https://www.gktoday.in/question/which-of-the-following-is-not-a-member-of-opec
  8. https://www.energy.gov/eere/vehicles/fact-836-september-1-non-opec-countries-supply-nearly-two-thirds-us-petroleum-imports
  9. https://www.drishtiias.com/daily-updates/daily-news-analysis/opec
  10. https://www.jodidata.org/about-jodi/partners/opec.aspx
  11. https://www.cfr.org/backgrounder/non-opec-oil-production
  12. https://www.britannica.com/topic/OPEC
  13. https://www.aljazeera.com/economy/2018/12/3/what-is-opec
  14. https://minenergy.gov.az/en/beynelxalq-teskilatlarla-elaqeler/neft-ixrac-eden-olkeler-teskilati-opec-ile-emekdasliq
  15. https://onu-vienne.delegfrance.org/OPEC-Organisation-of-the-Petroleum-Exporting-Countries
  16. https://eoi.gov.in/eoisearch/MyPrint.php?8874?001/0029
  17. https://byjus.com/free-ias-prep/the-organization-of-the-petroleum-exporting-countries-opec/
  18. https://en.unav.edu/c/blogs/find_entry?p_l_id=16800378&noSuchEntryRedirect=https%3A%2F%2Fen.unav.edu%2Fweb%2Fglobal-affairs%2Ftemas%2Fenergia-recursos-y-sostenibilidad%3Fp_p_id%3Dcom_liferay_asset_publisher_web_portlet_AssetPublisherPortlet_INSTANCE_5X9jZeY1puw3%26p_p_lifecycle%3D0%26p_p_state%3Dnormal%26p_p_mode%3Dview%26_com_liferay_asset_publisher_web_portlet_AssetPublisherPortlet_INSTANCE_5X9jZeY1puw3_mvcPath%3D%252Fview_content.jsp%26_com_liferay_asset_publisher_web_portlet_AssetPublisherPortlet_INSTANCE_5X9jZeY1puw3_assetEntryId%3D33112468%26_com_liferay_asset_publisher_web_portlet_AssetPublisherPortlet_INSTANCE_5X9jZeY1puw3_type%3Dblog%26_com_liferay_asset_publisher_web_portlet_AssetPublisherPortlet_INSTANCE_5X9jZeY1puw3_urlTitle%3Decuador-desaprovecha-su-salida-de-la-opep-y-pierde-produccion-petrolera-6%26_com_liferay_asset_publisher_web_portlet_AssetPublisherPortlet_INSTANCE_5X9jZeY1puw3_redirect%3Dhttps%253A%252F%252Fen.unav.edu%252Fweb%252Fglobal-affairs%252Ftemas%252Fenergia-recursos-y-sostenibilidad%253Fp_p_id%253Dcom_liferay_asset_publisher_web_portlet_AssetPublisherPortlet_INSTANCE_5X9jZeY1puw3%2526p_p_lifecycle%253D0%2526p_p_state%253Dnormal%2526p_p_mode%253Dview%2526_com_liferay_asset_publisher_web_portlet_AssetPublisherPortlet_INSTANCE_5X9jZeY1puw3_cur%253D0%2526p_r_p_resetCur%253Dfalse%2526_com_liferay_asset_publisher_web_portlet_AssetPublisherPortlet_INSTANCE_5X9jZeY1puw3_assetEntryId%253D33112468&entryId=33112465&redirect=%2Fweb%2Fglobal-affairs%2Ftemas%2Fenergia-recursos-y-sostenibilidad
  19. https://www.studysmarter.co.uk/explanations/geography/superpowers-of-the-world/opec/
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