>
Powered by

Qatar Exiting OPEC to Focus on Natural Gas

BEIRUT, Lebanon -- The tiny, wealthy Persian Gulf state of Qatar will withdraw from OPEC in January, the country's energy minister said on Monday, hinting that it wanted freedom from an oil cartel dominated by Saudi Arabia, one of its regional rivals.

The minister, Saad Sherida al-Kaabi, said Qatar would focus on its gas industry and dismissed the idea that the withdrawal was connected to politics, but not without taking a jab at Saudi Arabia and its clout in the organization.

Qat

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 5 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox