OPEC issues a statement on Qatar's withdrawal from the organization[/ltr]
[ltr][rtl]Date of release: 2018/12/5 21:02[/rtl] • [rtl]205 times read[/rtl][/ltr]
[Where - Continue]
The Organization of Petroleum Exporting Countries (OPEC) issued an official statement today, expressing its position on Qatar's decision to withdraw from the Organization.
The statement confirmed that the Secretary-General of the Organization Mohammed Barkindo received a letter from the State of Qatar informing him of the withdrawal from the membership of OPEC.
He added that the Qatari Minister of State for Energy Affairs Saad Al-Kaabi expressed in his letter the "sincere appreciation to the OPEC member states and the Secretary General and all the staff of the Organization."
OPEC said in its statement that each member state has "a sovereign right to withdraw from the Organization, and this does not require the approval of the OPEC Conference," adding that it "respects the decision taken by the State of Qatar."
The OPEC Secretariat thanked Qatar for its "support to the Organization over several decades of its membership."
The Organization expressed its appreciation for the interest of the oil producing countries to join them and affirmed its full commitment to achieving and supporting balance and stability in the oil market in cooperation with the 10 non-member countries of the Orhttps://translate.google.com/translate?depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://www.alliraqnews.com/modules/news/article.php%3Fstorytopic%3D41%26storyid%3D21752ganization.