Minister: Qatar to withdraw from OPEC in January 2019 - Oil & Gas - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Minister: Qatar to withdraw from OPEC in January 2019

DOHA, Dec 3 (PRIME) -- Qatar plans to withdraw from OPEC from January 1, 2019 and will inform the organization about its decision later on Monday, Energy Minister Saad Sherida al-Kaabi said at a news conference Monday.

УQatar has decided to withdraw from OPEC starring from January 1, 2019, and will brief the organization on this decision on Monday,Ф al-Kaabi said.

The country plans to focus on producing gas and increasing production of liquefied natural gas (LNG) to 110 million tonnes per year from 77 million tonnes, he added.

Qatar will continue fulfilling its international commitments after its withdrawal from OPEC like any other country that is not a member of this organization, al-Kaabi said.

He also said the decision to leave OPEC was not politically motivated or triggered by disagreements with other OPEC members.

УThis is a technical decision, motivated by our desire to strengthen the countryТs position of a reliable global energy supplier,Ф he said, adding that Qatar intends to remain the worldТs biggest LNG supplier.


03.12.2018 11:14
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 71.8369 -0.0058 24 may
USD 64.4913 +0.0757 24 may
Stock Market Indices
1D 1W 1M 1Y
rtsi 1286.26 +0.85 11:45 24 may
micex 2638.12 +0.75 11:45 24 may
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 208.72 -0.07 11:29 24 may
lkoh 5293.00 +0.34 11:29 24 may
rosn 422.95 +1.41 11:29 24 may
sber 234.83 +2.41 11:29 24 may
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 72.0225 +0.3125 14:59 24 may
USDTD 64.8200 +0.5275 17:44 24 may