Economy

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, ...

Qatar Interested in Eastern Mediterranean Oil Exploration, Says Lebanon

16/10/2022

Beirut, 14 Oct 2022 (Anadolu) Qatar is interested in joining French firm TotalEnergies and Italy’s Eni in exploring for oil in two areas in Lebanese waters, the Lebanese energy minister said on Friday. Qatar wants to join the consortium to explore for oil in blocks 4 and 9 in the Eastern Mediterranean, Walid Fayad said...

QatarEnergy to Become 100% Owner of Siraj Energy

13/10/2022

Doha, 13 Oct. 2022 QatarEnergy announced the signing of a share sale and purchase agreement with Qatar Electricity and Water Company (QEWC) to acquire QEWC’s49% interest in Siraj Energy, which will result in Siraj Energy becoming a wholly owned affiliate of QatarEnergy, subject to customary approvals. Commenting on concluding the agreement, Saad Sherida Al-Kaabi, the...

Qatari-Indonesian Business Forum Reviews Expanding Partnerships

10/10/2022

Doha, 10 Oct 2022 Mohamed bin Twar Al-Kuwari, First Vice-Chairman, Qatar Chamber of Commerce praised bilateral close relations between Qatar and Indonesia at all levels. He stressed on the need of further enhancing economic and commercial ties, facilitate the establishment of joint investments, and offer more investment incentives for the benefit of the two countries'...

Qatar: Three More Partners To Join NF South Development Project, AlKaabi

08/10/2022

Doha, 06 Oct 2022 Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, President and CEO of QatarEnergy, revealed that three new partners will be entering the North Field South (NFS) project in addition to the partner recently announced, adding that they will be announced in due course. He made the remarks during the Energy...

QFC-Enterprise Singapore To Promote Mutual Investment Opportunities; Bilateral Trade surpasses US$ 5.87 Billion

03/10/2022

Singapore, 02 Oct 2022 (QFC) Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC) and Enterprise Singapore (a Singapore Government agency) have signed a Memorandum of Understanding (MoU) to promote investment opportunities between the two economies. The MoU is the QFC’s first agreement with a Singaporean organisation, enhancing...

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