Economy

An Aerial View Lijiaxia Hydropower Station in China's Qinghai Province

10/07/2020

Qinghai Province, China, 09 July 2020 (Xinhua News) Aerial photo taken on July 9, 2020 shows water gushing out from a gate of the Lijiaxia Hydropower Station at the border of Jainca County and Hualong County in northwest China's Qinghai Province. Due to the increasing amount of water inflow volume from the upper reaches...

IEA: Global Oil Supply Falls to Nine-Year Low in June

10/07/2020

Ankara, 10 July 2020 (Anadolu News) Global oil supply has declined to its lowest level in nine years due to massive production cuts by OPEC+ nations, according to the International Energy Agency's (IEA) monthly oil report on Friday. Oil supply globally plunged to an average of 86.86 million barrels per day (bpd) in June, down...

Qatar : Qatar Petroleum Announces Merger of Muntajat

12/06/2020

Doha, 11 June 2020 (QP) Qatar Petroleum announced today ' to integrate Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) Q.J.S.C. into QP.as part of its ongoing efforts to strengthen its global competitive position in the downstream sector'. ' The integration will involve leveraging a combined set of human, technical, commercial, and financial capabilities...

Qatar : UDC Receives Five ISO Certifications On Public Services

08/06/2020

Doha, 08 June 2020 (QNA) United Development Company (UDC), a leading Qatari public shareholding company and master developer of The Pearl-Qatar and Gewan Island, has obtained five certifications for developing and implementing an Integrated Management System conforming to internationally recognized standards set by the International Organization for Standardization (ISO). Among these certifications include ISO 9001...

Qatar : Kahramaa Launches Awareness Programs on Best Ways to Deal with Electrical and Water Connections

08/06/2020

Doha, 07 June 2020 (QNA) Qatar General Electricity and Water Corporation Kahramaa has launched a series of awareness programs on the best ways to deal with electrical and water connections, as part of its social responsibility and its keenness to increase awareness of the correct way to deal with these devices. The episodes posted on...

$70 B Three Contracts With South Korea To Build Over 100 Nos. of LNG Ships With South Korea

02/06/2020

Doha, 01 June 2020 (QP) Qatar Petroleum (QP) entered into three agreements to reserve LNG ship construction capacity in the Republic of Korea as per QP's future LNG carrier fleet requirements, including North Field expansion and in United States. The “Big 3” Korean shipyards -Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI) and...

QP To Postpone Start of Production from New Gas Facilities Until 2025, AlKaabi

07/04/2020

Doha, April 07, 2020 (QNA) Minister of State for Energy Affairs, State of Qatar, Eng. Saad bin Sherida Al Kaabi, who is also President and CEO of Qatar Petroleum (QP), said that Qatar Petroleum (QP) will postpone the start of production from its new gas facilities until 2025 following a delay in the bidding...

Al-Kaabi: Qatari Energy Companies to Extend Support to Counterparts in China

12/02/2020

Doha, 12 Feb. 2020 Saad Sherida Al-Kaabi, President and CEO, Qatar Petroleum, expressed Qatar Petroleum’s solidarity with its counterparts in the People's Republic of China as part of its government’s efforts to contain the coronavirus and to alleviate its impact on the population and the economy. In a statement issued today, Al-Kaabi said, “I would...

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