QATAR TO LEAVE OPEC

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Qatar has decided to leave OPEC (Organization of Petroleum Exporting Countries) from January, 2019. Qatar , the world's largest exporter of liquified natural gas has decide to increase its natural gas production. Being part of OPEC will restrict its decision making to the OPEC's decision. OPEC is an intergovernmental organization of 15 oil exporting nations with its headquarters at Vienna, Austria. Its memebers include - Asia (Saudi Arabia, Iran, Iraq,Kuwait, United Arab Emirates, Qatar- will withdraw from Jan,2019), Africa ( Algeria, Nigeria,Angola, Libiya, Congo, Equatorial Guinea, Gabon) and South America (Ecuador and Venezuela).

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