Saturday 25th September 2021

  • IT Conslting, Digital Transformation with IT Services
    • What’s next for OPEC after Qatar withdraws What's-next-for-OPEC-after-Qatar-withdraws

      Qatar has officially left the Organization of the Petroleum Exporting Countries (OPEC) on Tuesday, ending its 58 years of membership.  The decision to withdraw was announced on December 3 by Qatar’s energy minister Saad al-Kaabi, under the circumstances of Qatar being boycotted by former neighboring allies including Saudi Arabia for 18 months. Kaabi said the decision to withdraw was not “political”. With an oil production of approximately 600,000 barrels per day (bpd), Qatar accounts for only two percent of global oil reserves.  Kaabi said the country will “focus efforts” on gas production. With 858 trillion cubic feet of proved...