Why would Doha choose to leave Opec now? - The National:
As delegates descend on Vienna, the city of diplomatic intrigue, for Thursday’s Opec meeting, one member is making its last trip. Saad Al Kaabi, Qatar’s minister for energy affairs, announced on Monday that the country would leave the oil exporters’ organisation in January.
Qexit is a surprise, but not a severe blow, after tumultuous change at Opec over the past three years. The big questions are why would Doha choose to leave now? And what does it mean for the group’s future?
Qatar is not a founder member, but it was the first to join the original five of September 1960, entering in 1961. It is the first Middle Eastern member to depart. There are, though, precedents for countries leaving the organisation.
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