Qatar will cease to be a member of OPEC
Qatar will cease to be a member of the Organisation of the Petroleum Exporting Countries today.
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.
The Organisation of the Petroleum Exporting Countries is an intergovernmental organisation of 15 nations, founded in 1960 in Baghdad by the first five members, and headquartered since 1965 in Vienna, Austria.
Headquarters: Vienna, Austria
Founded: September 1960, Baghdad, Iraq
Currency: Indexed as USD per barrel (US$/bbl)
Members: Qatar, Saudi Arabia, Iran, Indonesia, Venezuela, Iraq, MORE
Secretary general: Mohammed Barkindo
Founders: Juan Pablo Pérez Alfonzo, Abdullah Tariki
Qatar is a peninsular Arab country whose terrain comprises arid desert and a long Persian (Arab) Gulf shoreline
Capital: Doha
Currency: Qatari riyal
Qatar will cease to be a member of the Organisation of the Petroleum Exporting Countries today.
The country had sent an official notification to the OPEC expressing its wish to pull out and to focus on its liquefied natural gas production in December.
The decision came amid the ongoing diplomatic and economic blockade imposed on the country by its Persian Gulf neighbours and several Arab states.
The Organisation of the Petroleum Exporting Countries is an intergovernmental organisation of 15 nations, founded in 1960 in Baghdad by the first five members, and headquartered since 1965 in Vienna, Austria.
Headquarters: Vienna, Austria
Founded: September 1960, Baghdad, Iraq
Currency: Indexed as USD per barrel (US$/bbl)
Members: Qatar, Saudi Arabia, Iran, Indonesia, Venezuela, Iraq, MORE
Secretary general: Mohammed Barkindo
Founders: Juan Pablo Pérez Alfonzo, Abdullah Tariki
Qatar is a peninsular Arab country whose terrain comprises arid desert and a long Persian (Arab) Gulf shoreline
Capital: Doha
Currency: Qatari riyal
