Economy

QatarEnergy and Chevron Phillips Chemical To Build $6 b Petrochemical Complex

08/01/2023

Doha, 08 Jan. 2023 QatarEnergy announced the Final Investment Decision (FID) with Chevron Phillips Chemical Company LLC (CPChem) to build the Ras Laffan Petrochemicals complex - a $6 billion integrated olefins and polyethylene facility at Ras Laffan Industrial City. The announcement was made in Doha in a special ceremony during which Saad Sherida Al-Kaabi, Minister...

Türkiye Revises Up Recoverable Gas Reserves In Black Sea After Latest Discovery of 58 bcm

27/12/2022

Ankara, 27 Dec. 2022 (Anadolu News) Türkiye on Tuesday revised up the amount of recoverable reserves in a gas field off its Black Sea coast, adding its latest discovery of 58 billion cubic meters. In a press briefing on the new natural gas reserves discovered in the offshore Sakarya field, Energy and Natural Resources Minister...

'Türkiye Eyes Becoming Global Hub For Setting Price of Natural Gas', President Erdogan

16/12/2022

Ankara, 16 Dec. 2022 (Anadolu) With its initiatives in the energy sector, Türkiye aims to become a global hub for determining natural gas reference prices, the country's president said on Friday. "Our aim is to transform our country into a global center where the natural gas reference price is determined as soon as possible," Recep...

China-Saudi Arabia Signs Strategic Agreement; China-GCC Summit Held

09/12/2022

Riyadh, 09 Dec 2022 (Anadolu/Xinhua) Saudi Arabia's King Salman bin Abdulaziz AlSaud and Chinese President Xi Jinping signed Thursday the comprehensive strategic partnership agreement between the two countries. Both sides reaffirmed that they will continue to firmly support each other's core interests. Xi said on the occasion that China looks forward to working with Saudi Arabia...

Qatar: Energy State Minister Takes Part In The 16th Annual GPCA Forum

07/12/2022

Doha, Qatar, 07 Dec 2022 Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, took part in the 16th annual Forum of the Gulf Petrochemicals & Chemicals Association (GPCA), which was held in Riyadh, Kingdom of Saudi Arabia. The Forum was inaugurated by Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, was...

Qatar-China Signs World's Longest LNG Supply Agreement

23/11/2022

Doha, 21 Nov 2022 (QE) QatarEnergy entered into a 27-year Sale and Purchase Agreement (SPA) with China Petroleum & Chemical Corporation (Sinopec) for the supply of 4 million tons per annum (MTPA) of LNG to the People's Republic of China. Under the terms of the SPA, the contracted LNG volumes will be supplied from QatarEnergy’s...

Qatar: QatarEnergy-Shell Partnership In NFS Expansion Project

23/10/2022

Doha, 23 Oct. 2022 QatarEnergy announced that it has selected Shell as its second international partner in the North Field South (NFS) expansion project, which comprises 2 LNG mega trains that will have a combined capacity of 16 million tons per annum (MTPA) and which will raise Qatar’s total LNG production capacity to 126 MTPA....

Qatar: Amir Of Qatar Inaugurates Al-Kharsaah Solar Power Plant

18/10/2022

Doha, 18 Oct. 2022 The Amir of State of Qatar, Sheikh Tamim bin Hamad AlThani, inaugurated Al-Kharsaah Solar PV Power Plant (KSPP), the first in Qatar and one of the largest in terms of size and capacity in the region, with a total capacity of 800 megawatts (MW). The plant was inaugurated today at Al-Kharsaah, ...

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