Andean nation Current Affairs, GK & News

Ecuador to withdraw from OPEC in January 2020

October 3, 2019

Ecuador will withdraw from 14-nation Organization of the Petroleum Exporting Countries (OPEC) from 1 January 2020. The country stated its internal fiscal problems as the reason for the withdrawal from the group. Key Highlights The Andean nation (i.e. a group of nations in South America connected by Andes mountain range) is attempting to increase its ..

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