An oil expert shows the impact of Qatar's withdrawal from OPEC on the organization
11:51 - 03/12/2018
Information / Baghdad ..
Oil expert Hamza al-Jawahri said on Monday that Qatar's decision to withdraw from the Organization of Petroleum Exporting Countries (OPEC) is political and has no effect on the organization's policy because its production is very small, pointing to the conflict between Qatar and Saudi Arabia.
"The withdrawal of the State of Qatar from the Organization of Petroleum Exporting Countries (OPEC) a political decision because of the conflict between them and Saudi Arabia and the United Arab Emirates," Jawahri said in a statement.
"Qatar's withdrawal has no effect on the Organization's countries because its oil production is not more than 400 thousand b / d, as well as most of its oil production is used in refinery refineries and the proportion of crude oil is very little and may not."
"The reason for Saudi Arabia's dominance over the decisions of the Organization is due to its alliance with the Gulf Cooperation Council (GCC) countries. The total production of Saudi Arabia and its allied countries is 16,000 b / d, which is a large number, but Iran, Iraq and Venezuela are the counterpart of the Saudi alliance within the organization," Jawahri said. Ending / 25