Coun­try to leave Opec and fo­cus on gas pro­duc­tion

The Guardian Weekly - - Global Report -

Qatar is to pull out of the oil car­tel Opec af­ter nearly 60 years. Saad al-Kaabi, the coun­try’s en­ergy min­is­ter, said the de­ci­sion was not linked to a po­lit­i­cal and eco­nomic boy­cott of Qatar im­posed in 2017 by Saudi Ara­bia, Opec’s largest mem­ber and its de facto leader, along with the United Arab Emi­rates, Bahrain and Egypt. Qatar is one of Opec’s small­est oil pro­duc­ers, but is the world’s largest ex­porter of liq­ue­fied nat­u­ral gas.

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