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Qatar to Pull Out of OPEC by 2019

posted by martyb on Monday December 03 2018, @09:18PM   Printer-friendly
from the poking-the-bear dept.

takyon writes:

Qatar Will Pull Out Of OPEC, As Rift With Saudi Arabia Deepens

Qatar plans to leave OPEC in January, shaking up the alliance of oil-producing nations and furthering its dispute with Saudi Arabia. Qatar made the announcement on Monday — the same day it informed OPEC.

Qatar's Energy Minister Saad al-Kaabi said the small Persian Gulf country will leave OPEC because it wants to focus on natural gas — a sector in which Qatar is a world leader. But the move also draws another line of division with Saudi Arabia, the only country with which Qatar shares a land border.

Saudi Arabia cut diplomatic ties with Qatar in June of 2017, in a dramatic move that was matched by Egypt, the United Arab Emirates and others. Since then, Saudi Arabia has maintained a boycott against Qatar, a country that has sometimes pursued its own foreign policy goals against the will of its fellow Sunni states.

[...] Qatar's exit from the Organization of Petroleum Exporting Countries will become official on Jan. 1, 2019, Kaabi said at a news conference in Doha Monday. The country will still attend the group's winter meeting in Vienna, which is scheduled to begin on Thursday.

See also: Qatar to quit OPEC after more than 57 years, denies decision related to Saudi-led boycott

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  • (Score: 3, Touché) by SpockLogic on Tuesday December 04 2018, @01:14AM (1 child)

    by SpockLogic (2762) on Tuesday December 04 2018, @01:14AM (#769366)

    Too many people on the planet anyway. Time for a little pruning of the deadwood.

    Oooo ... let's start with the deplorables.

    --
    Overreacting is one thing, sticking your head up your ass hoping the problem goes away is another - edIII
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  • (Score: 0) by Anonymous Coward on Tuesday December 04 2018, @12:55PM

    by Anonymous Coward on Tuesday December 04 2018, @12:55PM (#769519)

    Please start, we'll see how that works out for your candy ass.