In 2008, which of the following countries moved out of OPEC?
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Indonesia
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Iran
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Iraq
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Saudi Arabia
A
Correct answer
Explanation
Indonesia left OPEC in 2008 because it had become a net oil importer rather than exporter. As domestic consumption grew and production declined, Indonesia felt it was no longer appropriate to remain in an organization of oil-exporting nations. It was the first and only country to voluntarily withdraw from OPEC at that time.