Q. Which of the following is / are correct statements regarding OPEC (Organization of the Petroleum Exporting Countries):

1. Both Iran and Iraq are among the 13 members of OPEC
2. Both Qatar and Ecuador were earlier members of OPEC but now have left it
3. Both Russia and Bahrain are not members of OPEC but are in OPEC+ group
4. Vienna Group is a sub-group of the OPEC countries

Select the correct answer from the codes given below:
Answer: Only 1, 2 & 3
Notes: OPEC (Organization of the Petroleum Exporting Countries) is an intergovernmental organization of 13 member countries: Iran, Iraq, Kuwait, UAE, Saudi Arabia, Algeria, Libya, Nigeria, Gabon, Equatorial Guinea, Republic of Congo, Angola, and Venezuela. Ecuador, Indonesia, and Qatar were former members, with Ecuador last leaving in 2020. OPEC+ includes OPEC members plus 10 additional oil-exporting countries: Russia, Bahrain, Azerbaijan, Brunei, Malaysia, Mexico, Kazakhstan, Oman, South Sudan, and Sudan. The Vienna Group consists of non-OPEC countries participating in OPEC initiatives, including Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, Russia, Sudan, and South Sudan, while Austria is not a member.

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