Qatar quits OPEC

Qatar will leave the Organization of Petroleum Exporting Countries (OPEC)  as of next month, its energy minister told the media, adding that the decision was part of a long-term strategy for growing its international presence on energy markets with a focus on gas. Qatar is the world’s largest exporter of liquefied natural gas, but it has Australia […]

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China and Abu Dhabi close to signing oil exploration and oil refining deal – report

China National Petroleum Corporation (CNPC) and the Abu Dhabi National Oil Company (ADNOC) are expected to sign this month a preliminary deal to invest in oil and gas exploration and refining, Reuters reported last week. CNPC’s international investment unit, CNPC International, is taking the lead in talks with ADNOC, and the deal is expected to be a […]

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