Qatar To Quit OPEC.

Qatar is set to leave OPEC next month in a bid for the gulf state to focus on gas production, energy minister Saad al-kaabi said in an official announcement this week.

He also added that Qatar would still continue to produce oil but would concentrate on the production of gas where it is biggest exporter of liquefied natural gas in the world.

He said, '' We don't have great potential in oil, we are very realistic. Our potential is gas. Qatar joined OPEC in 1961 even though the organisation is dominated by the oil-rich Saudi Arabia, which since 2017 has led a bloc of countries in imposing a blockade on Qatar.