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Qatar to withdraw from Opec in January 2019
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| Contributor | IndyGeorgia |
| Last Edited | IndyGeorgia Dec 06, 2018 07:26pm |
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| Category | Announcement |
| Author | Pratap John |
| News Date | Monday, December 3, 2018 02:35:00 PM UTC0:0 |
| Description | Qatar will withdraw from the Organisation of the Petroleum Exporting Countries (Opec) with effect from January 1, 2019, HE the Minister of State for Energy Affairs Saad Sherida al-Kaabi said Monday.
Qatar joined Opec in 1961, one year after the organisation's establishment. Currently, the Vienna-headquartered bloc comprises 15 oil-producing and exporting countries.
Al-Kaabi said, “Our strategy is to remain focused on its core business and activities in Qatar and to enhance Qatar’s international standing as the world’s leading natural gas producer.” |
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