Economy

Qatar: World's Largest US$ 1 Billion Blue Ammonia Facility Announced , Production Targeted in 1st Quarter of 2026

31/08/2022

Doha, 31 August 2022 QatarEnergy’s affiliates, QatarEnergy Renewable Solutions and Qatar Fertiliser Company (QAFCO)signed agreements today for the construction of the Ammonia-7 Project, the industry’s first world-scale and largest Blue Ammonia project. QatarEnergy Renewable Solutions (owned 100% by QatarEnergy) and QAFCO (owned 100% by QatarEnergy’s subsidiary, Industries Qatar which is listed on the Qatar Stock...

IMF Executive Board Completes the Combined Seventh, and Eighth Reviews of the Extended Fund Facility for Pakistan

29/08/2022

Washington DC, 29 Aug. 2022 (IMF) The Executive Board of the International Monetary Fund (IMF) completed today the combined seventh and eighth reviews of the Extended Arrangement under the Extended Fund Facility (EFF) for Pakistan. The Board’s decision allows for an immediate disbursement of SDR 894 million (about US$1.1 billion), bringing total purchases for budget...

AlKaabi Meets Turkish Energy Minister

24/08/2022

Doha, 24 Aug. 2022 Saad bin Sherida Al Kaabi, Minister of State for Energy Affairs met visiting Turkish Minister of Energy and Natural Resources, Fatih Donmez on Wednesday in Doha. Both sides discussed developments in the field of renewable energy and hydrocarbon exploration. Donmez was accompanied during the meeting by Ankara’s ambassador to Doha, Mehmet...

Analysis : Is The Global Energy Crisis In A Tailspin

19/08/2022

19 Aug. 2022, Daily Observer (Oman) By Sudeep Sonawane Is the world’s energy crisis tottering towards a bad-to-worse position? Oil market experts say this based on recent data. They point to the exodus of investors and hedge fund managers from crude oil markets over the last few months. Oil price volatility petrifies investors, even speculators...

GECF Participates In 43rd International Association for Energy Economics Conference

09/08/2022

Tokyo, 04 August 2022 The Gas Exporting Countries Forum (GECF), the global platform of the leading gas producing countries recently participated in the annual International Association for Energy Economics (IAEE) Conference, which brought together energy economists, policymakers, and business executives from across the world. 2022 IAEE conference was organized by Institute of Energy Economics, Japan...

Qatar : Busan is Well-Placed to Host World Expo 2030, Says Envoy

11/07/2022

Doha, 07 July 2022 (QT) By Ashraf Siddiqui As a well-developed and well experienced city, Busan is well placed to host World Expo 2030 and the Republic of Korea is keen and anxious to organise the event there, the country’s ambassador to Qatar Lee Joon-Ho, has said. The more than 1,500 year-old port city of...

QatarEnergy and Shell Sign Agreement, Concludes Partnerships In NFE Expansion Project

05/07/2022

Doha, 05 July 2022 QatarEnergy announced the selection of Shell plc. as partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry. The partnership agreement was signed today in a ceremony at QatarEnergy’s headquarters in Doha, by Saad Sherida Al-Kaabi, Minister of State for Energy...

G7 Summit: Leaders Pledge To Raise $600bn Plan to Rival China's Belt and Road Initiative

26/06/2022

Schloss Elmau, Germany G7 leaders have pledged to raise US$ 600 billion under The Partnership for Global Infrastructure and Investment (PGII) to counter China's ambitious Belt and Road Initiative of 2013. The infrastructure plan was first unveiled at the 2021 G7 summit in Britain. Called the Build Back Better World at the time, the US-driven...

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