Doha, 13 Feb. 2019 (QP) Qatar Petroleum, for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has concluded a 5-year sales agreement to supply Japan’s Marubeni Corporation an annual total of 200,000 metric tons of light naphtha starting from January 2019. The agreement is the third such agreement to...

Doha, 05 Feb. 2019 (QP)   Qatar Petroleum and ExxonMobil have taken the final investment decision for developing the Golden Pass LNG export project, which is located in Sabine Pass, Texas, and is owned by Golden Pass Products LLC - a joint venture between affiliates of Qatar Petroleum (70%) and ExxonMobil (30%). The decision to...

Karachi, 21 Dec. 2018 (Anadolu News) The United Arab Emirates on Friday announced a $3-billion bailout package to rescue Pakistan's tottering economy. The Abu Dhabi Fund for Development said in a statement that it would deposit $3 billion (11 billion AED) in the State Bank of Pakistan in the coming days "to enhance liquidity and...

Doha, 13 December 2018 (Qatar Tribune-QNA) QATAR’S general budget for 2019 will achieve a surplus of QR 4.3 billion, its first budget surplus in three years, the Ministry of Finance announced on Thursday. The surplus is a result of higher energy prices in international markets along with increasing non-oil revenues, the ministry said. The 2019 budget assumes an average oil price of $55...

Doha, 08 Dec. 2018 Qatar Petroleum entered into an agreement with an ExxonMobil affiliate to acquire a 10% participating interest in three offshore exploration blocks in the Angoche and Zambezi basins in the Republic of Mozambique. The agreement is subject to customary regulatory approvals by the government of Mozambique. Following such approval, the various partners...

Doha, 03 Dec. 2018 (QP) The State of Qatar announced today that it was withdrawing from the Organization of Petroleum Exporting Countries “OPEC” effective 1 January 2019. Sa'ad Sherida Al-Kaabi, the Minister of State for Energy Affairs, made the announcement today during a press conference in Doha, and said the State of Qatar has informed...

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