world_organizations medium True/False

OPEC's Technical Cooperation Fund provides grants and technical assistance to developing member countries for capacity building in energy planning, data management, and human resource development in the oil and gas sector.

  1. True
  2. False

Answer: True

The Fund, financed by voluntary contributions from OPEC members, supports training programs, scholarships, institutional strengthening, and knowledge sharing. It helps developing countries optimize hydrocarbon resource management, enhance local content, and transition towards sustainable energy systems.

Topic OPEC
Exam Relevance UPSC, Banking, SSC