The energy Minister of Qatar said the reasons for the country’s withdrawal from OPEC

© RIA Novosti / Maxim to Bogodeeva in photobacteria oil. Archival photoThe energy Minister of Qatar said the reasons for the country’s withdrawal from OPEC© RIA Novosti / Maxim to Bogodeeva the image Bank

The decision on withdrawal of Qatar from OPEC was not political and not caused by contention with other member countries of the cartel, said at a press conference on Monday, the state Minister for energy of the country Saad Ben Shreda al-Kaabi.

Previously, he announced the intention of Qatar to withdraw from OPEC from 1 January 2019.

«The decision on withdrawal from OPEC was not political or related to disagreements with other countries-members of OPEC. This is technical, caused by the desire to strengthen Qatar’s position as a reliable supplier of energy in the world, and based on the volume of oil production Qatar,» said al-Kaabi.

He noted that Qatar is going to be the largest supplier of liquefied natural gas in the world. The energy Minister also thanked OPEC for its efforts.

Currently, Qatar produces about 620 thousand barrels of oil per day.

The energy Minister of Qatar said the reasons for the country’s withdrawal from OPEC© Infographicsrussia forces in the world oil market

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