July 14, 2026 01:21 am (IST)

Make this your homepage

Foreign

Bengal CM Suvendu Adhikari backs move to stop entry to Bankra Mosque inside Kolkata airport operational area | Big win for Vijay government! Supreme Court stays Madras HC's cow slaughter ban in Tamil Nadu | Badrinath Temple donation theft case: Key accused Pramod Nautiyal arrested in major breakthrough | 'Citizenship must be decided fairly': Supreme Court quashes Gauhati HC order declaring 27 as foreigners | 'Highway blocked, stones pelted, cops injured': BJP faces open revolt in Madhya Pradesh over Narottam Mishra ticket snub | Two Kolkata Police DCPs suspended over alleged remarks against Bengal CM Suvendu Adhikari | Bail to Bloodbath: Telangana man allegedly kills wife, kids and teen who accused him of sexual harassment | Prakash Raj gets bail in multiple voter registration case linked to 2019 polls | ED raids Shekhar Suman associate's premises in FEMA case; phone allegedly thrown from 13th floor | 'Candidate fled': Prashant Kishor jibes BJP over Bankipur nominee change

Qatar government announces decision to pull out of OPEC

India Blooms News Service | @indiablooms | Dec 03, 2018, at 03:39 pm

Doha, Dec 3 (IBNS): Qatar on Monday announced its decision to withdraw from Organization of Petroleum Exporting Countries (OPEC) in order to focus on increasing production of natural gas.

The move will be made effective from Jan 1, 2019.

Saad Sherida Al-Kaabi, the country’s Minister of State for Energy Affairs made the announcement during a press conference in Doha on Monday.

Quoting Saad Sherida Al-Kaabi, Qatar Petroleum, the state-owned corporation responsible for oil and gas activities, posted on Twitter: "The withdrawal decision reflects Qatar’s desire to focus its efforts on plans to develop and increase its natural gas production from 77 million tons per year to 110 million tons in the coming years."

Qatar announces it was withdrawing from the Organization of Petroleum Exporting Countries “OPEC” effective 1 January 2019.
— Qatar Petroleum (@qatarpetroleum) December 3, 2018

He said: "Achieving our ambitious growth strategy will undoubtedly require focused efforts, commitment and dedication to maintain and strengthen Qatar’s position as the leading natural gas producer.”

Qatar was a member of OPEC since 1961.

Saad Sherida Al-Kaabi said OPEC has been informed on the matter.

#OPEC #Qatar #Doha #OPECJanuary1

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.

India
International

Related Images

German president says ‘no reason’ to align with Trump on Iran war Mar 24, 2026, at 11:22 pm

In Images: Canadian PM Carney concludes his China visit Jan 17, 2026, at 01:30 am

In images: King Charles III hosts President Trump and First Lady Melania at State Banquet in Windsor Sep 19, 2025, at 12:49 am