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Angola and OPEC
December 29 , 2023
203 days
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- Angola announced its leaving OPEC following 16 years of membership amid a dispute over oil production quotas.
- It had rejected a reduced output limit imposed by the leaders of the cartel to reflect the country’s dwindling capacity.
- Angola’s move will shrink membership of the Organization of Petroleum Exporting Countries to 12 nations.
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