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
(Score: 2) by fido_dogstoyevsky on Tuesday December 04 2018, @03:43AM (2 children)
You can if you organise it and run it like a business...
It's NOT a conspiracy... it's a plot.
(Score: 2) by gawdonblue on Tuesday December 04 2018, @09:06PM
If there's going to be crime at least it should be organised.
(Score: 2) by Gaaark on Thursday December 06 2018, @05:31PM
Yeah, but it's hard to compete against the Chinese and Americans (who have outsourced it to the Chinese).
--- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---