Economy

Qatar To Build 800 MWs Solar Energy Plant

19/01/2020

Doha, 19 January 2020 Qatar has signed an agreement with French energy giant Total and Japan's Marubeni to build a solar power plant capable of producing 800 megawatts, a tenth of country's peak energy demand, according to Sa'ad AlKa'abi, State Minister for Energy. Addressing a press conference just after the signing of agreement this afternoon...

Al-Kaabi Holds Energy Cooperation Talks in Beijing with Chinese Industry Executives

19/11/2019

Doha, 19 Nov 2019 Saad Sherida Al-Kaabi, Minister of State for Energy Affairs of State of Qatar, met in Beijing with Dai Houliang, Chairman of China Petroleum & Chemical Corporation (Sinopec), Wang Dongjin, Chairman of China National Offshore Oil Corporation (CNOOC), Wang Yilin, Chairman of China National Petroleum Corporation (CNPC), and Lei Fanpei, Chairman of...

Doha: UDC Declares QAR 343m of Net Profit at Q3 of 2019

25/10/2019

Doha, 25 Oct 2019 United Development Company (UDC), a leading Qatari public shareholding company and the master developer of The Pearl-Qatar and Gewan Islands announced its financial results for the nine-month period ended 30 September 2019, reporting net profit of QR 343 million over revenues of QR 1.3 billion. The net profit attributable to the...

QITCOM 2019: Smart Cities Initiative Supercharges Qatar’s Diversified Economy, Forecasts $20T Adding to World's Economy By 2026

20/10/2019

Doha, 20 Oct. 2019 Cities around the world are increasingly transforming into ‘Smart Cities’ as rapid urbanization is exerting growing pressure on the traditional infrastructures. Smart Cities initiative, which integrate digital technology to optimize the efficiency of cities' operations and services, are now the global trend due to the several economic benefits it offers including...

Qatar to Host 6th GECF Summit in 2021

05/10/2019

Doha, 04 Oct. 2019 State of Qatar will host 6thGas Summit of Heads of State and Government of Gas Exporting Countries Forum (GECF) Member Countries. iIt was announced during the conclusion of 21stGECF ministerial meeting in Moscow. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum said...

QP-Fluxys Belgium Signs Landmark Agreement for Zeebrugge LNG Terminal Services

03/09/2019

Doha, 02 Sept 2019 Affiliates of Qatar Petroleum and the Belgian independent natural gas transport company Fluxys Belgium signed a long-term agreement for LNG unloading services at the Zeebrugge LNG Terminal. The agreement was signed during a ceremony held in Brussels today by Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, the President &...

Qatar Petroleum Signs Exploration Agreements in Namibia

27/08/2019

Doha, 27 Aug. 2019 (QP) Qatar Petroleum has entered into agreements with Total for a share of exploration and production rights in two blocks offshore the Republic of Namibia. Under the agreements, which are subject to customary regulatory approvals by the government of Namibia and approvals by the partners in the blocks, Qatar Petroleum...

Qatar Petroleum Announces 5-Year Condensate Feedstock Sale Agreement to ExxonMobil in Singapore

22/08/2019

Doha, Qatar, 20 August 2019 (QP) Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has recently concluded a 5-year sale agreement with ExxonMobil Trading Asia Pacific Pte. Ltd. (EXTAP), a division of ExxonMobil Asia Pacific Pte. Ltd. based in Singapore. Under the agreement, QPSPP will supply ExxonMobil’s Singapore Integrated Manufacturing Complex with a...

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