In the UAE assessed the impact of the exit of Qatar from OPEC at bargain OPEC+

© AFP 2018 / Behrouz Meghana platform in the territorial waters of Qatar. Archival photoIn the UAE assessed the impact of the exit of Qatar from OPEC at bargain OPEC+© 2018 AFP / Behrouz Mehri

The UAE energy Minister Suhail al-mazroui does not expect that the exit of Qatar from OPEC, which the country announced on Monday, will have an impact on the fate of the transaction OPEC+, as the level of oil production in Qatar is small.

«I don’t think it (the exit of Qatar from OPEC — ed.) will influence the decision (OPEC+ on the fate of the deal — ed.) or on the level of oil production, as their current level of oil production is low and specific impact on the organization has,» said al-mazroui told reporters.

In the UAE assessed the impact of the exit of Qatar from OPEC at bargain OPEC+© Infographicsrussia forces in the world oil market

Source