THE SMALL GAS PRODUCING STATE OF QATAR QUATAR WITHDRAWS FROM OPEP
THE CUBANS AND NARCOLAS TREMBLE OPEP MAKES WATER, AND FRACTURE, WILL CONTINUE ARABIA, TRUMP TIGHTENS HARD IF IT DOES NOT WANT TO FALL INTO THE HANDS OF YEMEN WILL HAVE TO WITHDRAW FROM OPEP, OIL WILL FALL TO HISTORIC LOWS.
Qatar expressed its decision to leave the group of OPEP oil producing countries on January 1 after almost 60 years of belonging to it. The motivation lies in Qatar's desire to focus all its efforts on plans to develop and increase its production of natural gas ", a long-term strategic plan in energy matters, where they want to reach the goal of increasing their production of liquefied natural gas. 77 million to 110 million tons per year This emirate is the largest natural gas exporter in the world, with about 128,645 million cubic meters per year, with the third largest reserves of natural gas in the world, calculated at 23.8 billions of cubic meters.
The new energy minister of Qatar Saad Sherida Al-Kaabi has said that despite withdrawing from the agency, they will continue to fulfill their commitments as any other oil producing country that is not part of OPEP.
"I do not want to go to the meeting and talk about the year's budget (2019), I want to be transparent. I spoke with the secretary general and told him that we want to focus on the gas business and I told him of our intention to go to this week's meeting and he accepted. We do not want to surprise the members, "said Al Kaabi."
Qatar, which is one of the smallest producers of OPEP. but one of the largest exporters of natural gas in the world. Qatar became a member of OPEP in 1961, one year after the founding of the organization based in Vienna, Austria. The announcement of the withdrawal from Qatar comes before OPEP meets with its allies, including Russia, on Thursday and Friday to discuss the possibility of cutting oil supplies.
OPEP's role is focused on monitoring the market and it is the decision maker to increase or reduce oil production in order to maintain stable prices and supply. This Organization Produces and supplies 44% of the world's crude oil. Qatar has denied that the decision to withdraw from OPEP has anything to do with the economic, political and diplomatic boycott that has held since June 2017 against Saudi Arabia, the main power of the oil organization, and three other countries in the region, who broke diplomatic relations with Qatar in June 2017, accusing her of harboring people and organizations hostile to the Saudis and of maintaining good relations with Iran.
This emirate of the Gulf is the world's leading exporter of liquefied natural gas, and is located right on the largest reserves of this resource on the planet located in the submarine field of South Pars / North Dome, whose control it shares with Iran.