Qatar will withdraw from OPEC in January to focus on its gas industry

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Photo: Jimmy Baikovicius

Qatar has announced its withdrawal from OPEC organization in January, country’s energy minister Saad Sherida al-Kaabi.

Highest income per capita country will now base its production in liquefied natural gas.

Natural gas does not come under OPEC organization and it involves other countries, including the United States, Australia or Russia in a complete different market far from Brent crude prices.

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