The State of Qatar has been keen to build a solid and ambitious economy that deals with reality and looks to the future with confidence and competence. The State has supported national efforts aimed at promoting and expanding Qatari industries, in a way that contributes to achieving self-sufficiency for the …
Read More »GECG: Qatar Remains Major Global Trans-Shipper of LNG
Qatar remains the top LNG exporter among GECF member countries and figures among top three global trans-shippers of liquefied natural gas, according to the Gas Exporting Countries Forum (GECF). The top three LNG exporters in November were the US, Australia and Qatar, GECF said in its latest monthly report. In …
Read More »QatarEnergy, Chevron Phillips Chemical Secure $4.4bn Financing for Ras Laffan Petrochemicals Project
QatarEnergy and Chevron Phillips Chemical Company (CPChem) have secured $4.4bn financing for the Ras Laffan Petrochemicals project, a world scale integrated polymers complex in Ras Laffan Industrial City. The senior debt financing package comprises commercial and Islamic facilities as well as Export Credit Agency (ECA) financing, QatarEnergy said Monday. The …
Read More »OPEC Secretary General: IEA should be very Careful about Discouraging Oil Investments
OPEC Secretary General Haitham Al Ghais said on Thursday that International Energy Agency (IEA) should be ‘very careful’ about discouraging oil investments, which is important for global economic growth. Al Ghais’s statements came in response to fresh criticism from IEA Executive Director Fatih Birol to OPEC+, indicating that finger-pointing and …
Read More »Qatar Records 22 more LNG Cargoes in First Quarter than Q1, 2022
Qatar delivered 22 more cargoes in the first quarter of this year compared to the same period last year, the Gas Exporting Countries Forum (GECF) said in its April report. In March, the total number of global LNG export cargoes increased by 8% m-o-m to 551. The total number of …
Read More »Qatar Reclaims Position as World’s Largest LNG Exporter in 2022: GECF
Qatar “reclaimed” its position as the largest liquefied natural gas exporter in the world with 80mn tonnes of LNG exports in 2022, the Gas Exporting Countries Forum (GECF) has said in a report. Last year, Qatar was followed by Australia (79mn tonnes), the US (78mn tonnes), Russia (32mn tonnes) and …
Read More »UAE Explores Non-Oil Trade in Indian Rupees, Sees Major Role for Crypto
The United Arab Emirates and India are discussing ways to boost non-oil commerce in rupees as the Gulf country looks to strengthen ties with its second-largest trade partner. “We are still in early-stage discussions with India on this dirham-rupee trade,” Thani al-Zeyoudi, the UAE’s Minister of State for Foreign Trade, …
Read More »Oil Gains 3 Percent on Improvement in China’s Demand, Concerns about Russian Supplies
Oil prices rose in early trade on Thursday, building on gains in the previous session as China’s demand outlook improves and concerns rise over the impact of sanctions on Russian supply. Brent crude rose 50 cents, or 0.6 percent, to $83.17 per barrel by 0135 GMT, while US West Texas …
Read More »Qatar to Benefit from ‘Favourable’ Energy Prices, ‘Stronger’ Global Demand
With physical markets expected to tighten further on the back of supply constraints and stronger global demand, energy prices might see further upside, benefiting Qatar – one of the largest global exporters of liquefied natural gas. Middle East’s leading bank QNB expects prices to be well supported in a range …
Read More »Saudi Aramco Base Oil Gets Nod for $1bn IPO
Saudi Aramco Base Oil Co., a unit of the state-owned oil producer, has received regulatory approval for an initial public offering in Riyadh, as the world’s biggest crude producer looks to list some of its subsidiaries. The IPO will consist of the sale of 50mn shares – a 29.7% stake …
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