Qatar says it is withdrawing from OPEC on January 1
Minister of State for Energy Affairs Saad Sherida al-Kaabi
Cairo - DPA
Qatar will withdraw from the Organization of the Petroleum Exporting Countries (OPEC) effective January 1, the Minister of State for Energy Affairs Saad Sherida al-Kaabi said Monday, according to state-owned Qatar Petroleum.
Qatar Petroleum, of which al-Kaabi is CEO, said on Twitter that OPEC was informed of the country's withdrawal.
"The withdrawal decision reflects Qatar's desire to focus its efforts on plans to develop and increase its natural gas production from 77 million tons per year to 110 million tons in the coming years," the minister was quoted as saying at a press conference in Doha.
"Qatar is proud in its international standing at the forefront of natural gas producers, and as the biggest exporter of LNG - the cleanest fossil fuel, which has given Qatar a strong and resilient economy," Qatar Petroleum also quoted al-Kaabi as saying.
- Thursday ,06 December GMT 13:29 2018 Major oil exporters mull supply cut amid internal rifts, US demands
- Friday ,07 September GMT 11:10 2018 Merkel says that qatar's energy sector offers opportunity to cooperate more
GMT 13:29 2018 Thursday ,06 December
Major oil exporters mull supply cut amid internal rifts, US demandsGMT 11:10 2018 Friday ,07 September
Merkel says that qatar's energy sector offers opportunity to cooperate moreGMT 11:05 2017 Monday ,01 May
'Compliance with 2016 Oil Production Cuts around 60% during Q1 2017'GMT 10:45 2017 Monday ,01 May
No Change in Fuel Prices in Qatar During May, Ministry of Energy SaysGMT 20:26 2017 Friday ,07 April
OPEC Basket Price Stable at $50.59 per BarrelRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 08:16 2017 Monday ,24 July
Malaysia condemns clashes between Israeli forces, Palestinians
GMT 11:32 2016 Saturday ,07 May
Canadians drive through burning city seeking safety
GMT 07:30 2015 Thursday ,09 April
India court convicts ex-Satyam chiefGMT 02:19 2012 Sunday ,22 January
Dior VIII Wristwatch
GMT 12:03 2013 Saturday ,21 September
Rock Beauty unveils new Nail Rockits
GMT 11:08 2017 Friday ,24 November
President Sisi had busy schedule last week 5 Cairo
GMT 12:22 2017 Thursday ,10 August
5 dead, 50 missing as smugglers throw 180 migrants into Yemen seaGMT 12:42 2012 Wednesday ,29 August
Jessica Alba dons lighter hair
GMT 12:34 2017 Tuesday ,28 November
Investment minister inspects preparations for Africa 2017
GMT 12:33 2017 Monday ,29 May
Iraqi Writers Union nominates
GMT 11:45 2017 Monday ,17 July
Egyptian team ready for IHF Men's Junior World Championship in AlgeriaGMT 10:24 2012 Friday ,13 April
High-pressure preschools: how much is too much
GMT 15:56 2016 Tuesday ,15 March
Bayern want no repeat of Juventus fightback in Champions League
GMT 15:37 2017 Friday ,03 February
Advertisers eye winning Super Bowl strategy
GMT 11:20 2017 Wednesday ,15 February
Reunions abound as Man Utd tackle Saint-Etienne
GMT 07:12 2018 Sunday ,02 December
Putin accuses Ukraine of not wanting peaceGMT 08:46 2013 Thursday ,02 May
Rainbow film festival opens at al-Kindi Cinema in Damascus
GMT 22:52 2017 Saturday ,14 January
Egyptian embassy in Tunis following up situation of held fishermen
GMT 08:32 2017 Sunday ,16 July
President Sisi condoles with Saudi king over death of his brotherGMT 19:59 2011 Thursday ,25 August
The Man Who Ate His Boots
GMT 05:15 2014 Saturday ,16 August
Georgian prosecutor puts ex-president on wanted list
GMT 07:54 2016 Thursday ,24 March
Chinese national Su Bin pleads guilty to hacking US defence firms
GMT 10:49 2015 Tuesday ,07 July
Who is behind the attacks in Egypt?
GMT 14:12 2016 Wednesday ,11 May
Legal culling of wolves increases poaching
GMT 13:02 2015 Thursday ,22 October
Halloween asteroid to shave past EarthGMT 07:13 2012 Monday ,02 April
Push to bring Sudan, South Sudan into crisis talksGMT 10:28 2012 Saturday ,03 March
Black and Asian dancers perform new works
GMT 07:32 2016 Tuesday ,26 July
Saudis: 5 guards killed in clashes on Yemen borderGMT 11:20 2013 Tuesday ,05 March
Zara boss tops fashion rich list
GMT 05:01 2015 Monday ,26 January
No climate change pressure on India after US-China pact
GMT 08:23 2017 Friday ,28 July
Dollar exchange rate stable in major banks in Egypt
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor