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Qatar plans to withdraw from OPEC

Qatar plans to withdraw from OPEC

Image credit: Wikimedia

Qatar is all set to withdraw from the Organization of Petroleum Exporting Countries (OPEC), according to country's energy minister Saad Al-Kaabi. Qatar has been a part of OPEC for the last 57 years and the decision was not easy. However, Qatar is going to concentrate on building its natural gas industry and hence they took the decision, the minister added. Qatar will continue to abide all the rules of the non-OPEC oil producer.

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