Qatar to withdraw from OPEC as of January 2019

Qatar has decided to withdraw its membership from the Organization of the Petroleum Exporting Countries, OPEC, from January next year. 

Addressing a press conference in Doha, the Gulf state’s new energy minister, Saad al-Kaabi made the announcement today. 

AFP news agency quotes Mr Saad as saying that OPEC was informed about the decision ahead of the announcement. 

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