Qatar pulls out of Opec to focus on gas production

Country to leave cartel in January 2019, but will take part in this week’s meeting Qatar is to pull out of Opec after nearly 60 years of me... thumbnail 1 summary

Country to leave cartel in January 2019, but will take part in this week’s meeting

Qatar is to pull out of Opec after nearly 60 years of membership of the oil cartel, but will attend a meeting this week that will discuss cutting output.

Saad al-Kaabi, the country’s energy minister, told a news conference: “Qatar has decided to withdraw its membership from Opec effective January 2019 and this decision was communicated to Opec this morning.”

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from US news | The Guardian https://ift.tt/2Sq8D6B

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