Qatar has withdrawn its membership from Organization of the Petroleum Exporting Countries (OPEC). The country had sent an official notification to the OPEC expressing its wish to pull out and to focus on its liquefied natural gas production in December.
Qatar has been in OPEC for 57 years. The decision came amid the ongoing diplomatic and economic blockade imposed on the country by its Persian Gulf neighbours and several Arab states.
Source: AIR World Service
Static/Current Takeaways Important For IBPS Clerk Mains Exam 2018:
- Qatar Capital: Doha, Currency: Qatari riyal.