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Abu Dhabi, UAEMonday 17 December 2018

Business Extra podcast: Why Qatar is breaking ranks with Opec

A host of factors — political, economic and symbolic — have motivated Doha's decision to go it alone

Saad Sherida al-Kaabi, Qatar Minister of Energy and Industry, announced at a Monday news conference in Doha that Qatar will withdraw from Opec in January 2019. EPA
Saad Sherida al-Kaabi, Qatar Minister of Energy and Industry, announced at a Monday news conference in Doha that Qatar will withdraw from Opec in January 2019. EPA

Qatar breaks ranks as it says it will withdraw from the 15-member Organisation of the Petroleum Exporting Countries on January 1. Why now, and what are the ramifications? We discuss in this episode of The Business Extra podcast. Listen here:

Mustafa Alrawi, The National's Assistant Editor-in-Chief, and regular contributor Robin Mills, the CEO of Qamar Energy, discuss the different reasons behind the move including changing dynamics for gas markets and the political rift with its Gulf neighbours. Also, they look at how Opec may respond after losing one of its Middle East members for the first time.

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