Qatar joined the organisation consisting of 15 oil producing countries in 1962.
While addressing a press conference, al-Kaabi stated that the decision was taken as Qatar's wants to focus its efforts to increase its natural gas production, reported Al Jazeera.
"Achieving our ambitious growth strategy will undoubtedly require focused efforts, commitment and dedication to maintain and strengthen Qatar's position as the leading natural gas producer," he added.
The decision comes days before the OPEC meeting which is scheduled to be held on December 6.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)