Why is Qatar leaving OPEC?

Qatar is leaving the Organization of the Petroleum Exporting Countries, or OPEC, the first Gulf country to pull out since joining more than half a century ago. Qatar plans to expand its role as the world’s number one exporter of liquefied natural gas and boost production by more than 50 percent to 110 million tonnes a year The decision to quit OPEC comes just days before a crucial meeting of members in Vienna to discuss cutting supplies. – Link – Al Jazeera English

 

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s