In September, Qatar announced it planned to increase production of LNG to 110 million tonnes per year by 2024 [File photo: AP]

Qatar’s decision to end its nearly 60-year-old membership in OPEC caught many observers by surprise earlier this week.

Explaining the motivation behind the decision, Saad Sherida al-Kaabi, Qatar’s minister of state for energy affairs and president and CEO of Qatar Petroleum, said that Qatar’s exit from OPEC “is not political, it was

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