Qatar Says Will Exit OPEC: All You Need To Know

Qatar is withdrawing from the Organization of the Petroleum Exporting Countries (OPEC) as of January 2019, the country라이브 바카라 energy minister Saad al-Kaabi announced on Monday.

The decision to withdraw from OPEC came after Qatar reviewed ways to enhance its role internationally and plan its long-term strategy, al-Kaabi told a news conference.

He said the withdrawal decision reflects Qatar's aim to increase its natural gas production from 77 million tonnes a year to 110 million tons in the coming years.

Here라이브 바카라 all you need to know바카라 웹사이트

• Qatar라이브 바카라 energy minister said the decision to pull out of OPEC is a “technical and strategic” change, and was not politically motivated, reported Reuters.
• The announcement comes ahead of the meeting by OPEC and its allies including Russia on December 6-7 to discuss output cuts.
• Qatar is the world라이브 바카라 biggest exporter of liquefied natural gas (LNG), producing almost 30 per cent of the world라이브 바카라 natural gas.
• Most of the LNG comes from two major gas and oil fields, one of which is shared with Iran.
• Qatar라이브 바카라 oil production is only around 600,000 bpd. It is one of OPEC라이브 바카라 smallest oil producers, especially when compared to the likes of Saudi Arabia.
• Qatar has been at loggerheads with its neighbour and de facto OPEC leader Saudi Arabia.
• Qatar is the first country to leave the bloc.
• Qatar joined OPEC in 1961, one year after the organisation라이브 바카라 establishment.
• Since June 2017, Saudi Arabia and three other Arab states have cut trade and transport ties with Qatar, accusing the country of supporting terrorism. Doha had strongly denied Saudi Arabia라이브 바카라 accusations and said it has taken more counter-terrorism measures than some of its neighbours.

(With inputs from agencies)