Qatar says it is withdrawing from OPEC on January 1
Minister of State for Energy Affairs Saad Sherida al-Kaabi
Cairo - DPA
Qatar will withdraw from the Organization of the Petroleum Exporting Countries (OPEC) effective January 1, the Minister of State for Energy Affairs Saad Sherida al-Kaabi said Monday, according to state-owned Qatar Petroleum.
Qatar Petroleum, of which al-Kaabi is CEO, said on Twitter that OPEC was informed of the country's withdrawal.
"The withdrawal decision reflects Qatar's desire to focus its efforts on plans to develop and increase its natural gas production from 77 million tons per year to 110 million tons in the coming years," the minister was quoted as saying at a press conference in Doha.
"Qatar is proud in its international standing at the forefront of natural gas producers, and as the biggest exporter of LNG - the cleanest fossil fuel, which has given Qatar a strong and resilient economy," Qatar Petroleum also quoted al-Kaabi as saying.
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Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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