In what year was OPEC founded?

Study for the PetroBowl Test. Dive into engaging quizzes featuring multiple-choice questions with detailed explanations and expert insights to ace your exam!

Multiple Choice

In what year was OPEC founded?

Explanation:
OPEC was founded in 1960. The Organization of the Petroleum Exporting Countries was created at a conference in Baghdad in September 1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela to coordinate petroleum policies and defend member interests in price and market practices. That founding year is why 1960 is the correct answer. The other years come either before the organization existed or after its creation, so they don’t reflect the birth of OPEC.

OPEC was founded in 1960. The Organization of the Petroleum Exporting Countries was created at a conference in Baghdad in September 1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela to coordinate petroleum policies and defend member interests in price and market practices. That founding year is why 1960 is the correct answer. The other years come either before the organization existed or after its creation, so they don’t reflect the birth of OPEC.

More Multiple Choice Questions
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy