Qatar Leaves OPEC
Qatar — among the world’s smallest countries by area and the richest in terms of per capita gross national income ($128,000 or Rs 90 lakh, according to World Bank figures) — announced ON Dec 3, it was walking away from OPEC, a cartel of 15 countries that produce about 45% of the world’s oil and contain over 80% of its “proven” reserves.
OPEC
The Organization of the Petroleum Exporting Countries is an intergovernmental organisation of 14 nations, founded in 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), and headquartered since 1965 in Vienna, Austria. As ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Singapore: India’s Second-largest Export Market
- 2 India, Uzbekistan Hold Foreign Office Talks
- 3 India and Algeria Hold First Joint Commission Meeting
- 4 India-France Review Tech and Space Cooperation
- 5 10th India-Australia Defence Policy Talks
- 6 India-EU Launch Joint Initiative on EV Battery Recycling
- 7 UAE Exits OPEC: Implications for Global Oil Markets and India
- 8 G7 Trade Ministers Discuss Critical Mineral Supply Chains
- 9 EU Includes India in Revised List for Continued Aquaculture Exports
- 10 Strengthening India-Caribbean Relations: New Push to India-Jamaica Partnership
