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The Secretary General of the Organization of Petroleum Exporting Countries, Mohamed Sanusi Barquindo, received a letter from Qatar stating the country's intention to leave OPEC
The Service The press release of the organization reports.
Energy Minister, Qatar Saad Sherid al-Kaabi expressed gratitude to members of the organization, his secretary-general and other employees and said that the country would benefit from the right set forth in art. 8 Status of OPEC.
This article states that the withdrawal of the organization is possible on the first calendar day of the following year if the country has no dues backlog. Thus, Qatar will cease to be a member of the organization on 1 January 2019.
OPEC respects the decision of Qatar, highlighted in its organization.
Al-Kaabi explained Monday morning, December 3, its intention to halve the production of natural gas. The country's share in oil production within OPEC was low: about 600,000 barrels per day, or 1.85% by 2017.
Qatar was not nor does the first state want to withdraw from the organization. Previously, their membership in OPEC had been suspended by Gabon, Ecuador and Indonesia. The first two countries then reinstated the organization.
Recall to Energy Minister, Qatar Saad al-Kaabi, at a press conference in Doha, that he wished to leave Qatar to the Organization of Exporting Countries of oil (OPEC).
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