The Organisation of the Petroleum Exporting Countries (OPEC) is an important intergovernmental organization that coordinates policies for oil-producing countries. The headquarters of OPEC is located in Vienna, Austria. Established in 1960, OPEC aims to manage the supply of oil in efforts to set the global oil market and stabilize prices. Choosing a neutral location for its headquarters was crucial for fostering international cooperation. The city of Vienna provides a strategically advantageous and neutral ground for its member countries to meet and make decisions concerning the global oil economy.
The correct location is Vienna.
The headquarters of the Organisation of the Petroleum Exporting Countries (OPEC) is located in Vienna, Austria. OPEC is an intergovernmental organization of oil-exporting countries, and its main function is to coordinate and unify the petroleum policies of its member countries.
Thus, the correct location for OPEC's headquarters is Vienna, Austria.
Match the terms given in Column-A correctly with Column-B and choose the correct answer from the codes given below:
Study the given cartoon and answer the questions that follow:
What does the cartoon depict?
Arrange the following in chronological order of their formation:
I. The World Trade Organisation
II. World Bank
III. The International Atomic Energy Agency
IV. United Nations Organisation
Choose the correct option:
Match the terms given in Column-A correctly with Column-B and choose the correct answer from the codes given below: