Qatar will leave OPEC in January – The Economic Journal



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Qatar will step down as a member of the Organization of Petroleum Exporting Countries (OPEC) in January, Iran's energy minister said Monday. January 2019, "said Saad Al-Kaabi at a press conference in Doha, adding that he had already informed the organization of this decision.

Qatar will continue to produce oil but will focus on gas production, said Saad.Al-Kaabi.Qatar is the world's largest exporter of liquefied natural gas.We have not much potential [em petróleo] we are very realistic, our potential is gas. "

The Minister, former CEO of Qatar Petroleum, the state-owned company that operates all oil and gas activities in the country, badured that the decision to leave the OPEC" is Had nothing to do with the economic blockade "imposed in Doha by Saudi Arabia, the United Arab Emirates, Bahrain and Egypt since June 2017.

Qatar has been a member of OPEC since 1961 .

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