• Wed / 5 December 2018 / 15:49
  • Category: Economy
  • News Code: 97091407092
  • Journalist : 71477

Reasons for Qatar's exit from OPEC must be examined: Iran oil minister


Tehran (ISNA) – Iranian Petroleum Minister, Bijan Zanganeh stressed that examining the reasons for Qatar’s exit from OPEC was a necessity.

OPEC has problems with some oil producers, and the reasons for Qatar’s exit from the organization must be examined, Zangeneh said, addressing the parliament energy commission meeting on Tuesday.

He added, “OPEC has big problems from some oil producers which Qatar is not a part of.”

Zanganeh did not elaborate but he appeared to be noting that Qatar is not one of the problematic oil producers in OPEC.

Qatar framed the surprise decision, which ended nearly six decades of membership in OPEC, as a move to focus the country’s resources on exports of liquefied natural gas.

Qatari Energy Minister Saad Sherida al-Kaabi said in a news conference Monday that the decision was not related to the political clash and that Qatar was leaving the oil cartel to work on plans to boost its natural gas production by more than 40 percent in the coming years.

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