Question

Where is the headquarters of OPEC located?
1. Vienna
2. Geneva
3. Brussels
4. Zurich

Answer 1

Correct Answer - Option 1 : Vienna

The correct answer is Vienna.

• The Organization of Petroleum Exporting Countries (OPEC) is a group of countries that export oil.
• OPEC is a 13-country cartel or intergovernmental organization.
• Founded on 14 September 1960 in Baghdad.
• It was formed to coordinate the petroleum policies of its members and to provide member states with technical and economic aid
• It was founded by its first five members namely, Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela.
• OPEC now has 13 members as of January 2020.
• It has been headquartered in Vienna, Austria, since 1965.
  • Even though Vienna is the headquarters of OPEC, Austria is not an OPEC member state.
• OPEC's establishment signaled a shift toward national sovereignty over natural resources, and OPEC policies have come to dominate the global oil market and international relations.
• A new member country must be approved by three-quarters of OPEC's current members, including all five of the founding members.
  • Sudan formally made an application to join in October 2015, however it is still not a member.

• The World Health Organization's headquarters is located in Geneva.
• Brussels is the European Union's headquarters.​
• The headquarters of FIFA is in Zurich.