Min­is­ter Stresses Probe Into Qatar OPEC With­drawal

Iran News - - DOMESTIC -

TEHRAN – Oil Min­is­ter Bi­jan Zan­geneh has un­der­scored the im­por­tance of prob­ing into the rea­sons be­hind Qatar with­drawal from the Or­ga­ni­za­tion of the Pe­tro­leum Ex­port­ing Coun­tries (OPEC).

Qatar is fac­ing ma­jor prob­lems caused by some oil pro­duc­ers, Zan­geneh said, ad­dress­ing the par­lia­ment en­ergy com­mis­sion meet­ing on Tues­day.

But Qatar is not among those oil pro­duc­ers, he said. Ear­lier, Al Jazeera TV chan­nel an­nounced that Qatar plans to with­draw from OPEC.

Qatar will leave the or­ga­ni­za­tion from the be­gin­ning of Jan­uary 2019, it said.

Mean­while, a Qatari min­is­ter, speak­ing on con­di­tion of anonymity, has told Reuters the de­ci­sion is in line with Doha’s long-term strat­egy to im­prove its in­ter­na­tional role.

In the mean­time, Iran’s OPEC Gov­er­nor Hos­sein Kazem­pour Arde­bili an­nounced that the ap­prox­i­mate loss suf­fered by the mem­ber states caused by the de­creas­ing oil prices has been about nine bil­lion dol­lar over the past three months.

Newspapers in English

Newspapers from Iran

© PressReader. All rights reserved.