Reason behind of quitting the OPEC by Qatar?

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Sashi Kapoor 3 years 2018-12-04T06:28:27+00:00 1 Answer 189 views Intermediate 0

Answer ( 1 )


    Qatar feels that it has no long-term potential in Oil as it contains only 2% of world’s total oil production.

    And Qatar turns its production on “Gas”.  Yes Qatar had decided to lead in Gas Production.

    This the reason behind quitting OPEC by Qatar.

    Qatar seems to be a member in OPEC since 1961 and it decided to end its membership in 2019.

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