Blog

Qatar cease to be a member of OPEC

2019-01-02

• Qatar ceased to be a member of the Organisation of the Petroleum Exporting Countries from January 1, 2019.

• The country had sent an official notification to the OPEC expressing its wish to pull out and to focus on its liquefied natural gas production in December.

• The decision came amid the ongoing diplomatic and economic blockade imposed on the country by its Persian Gulf neighbours and several Arab states.

• These countries accuse Doha of supporting terrorism and interfering in their internal affairs. Qatar has strongly refuted these allegations.



Share :