Economy

Qatar Petroleum Launches 'TAWTEEN'

18/02/2019

Doha, 18 Feb. 2019 (QP) Sheikh Abdullah Bin Nasser Bin Khalifa Al-Thani, Prime Minister and Interior Minister of Qatar launched Qatar Petroleum’s Localization Program for Services and Industries in the Energy Sector “TAWTEEN” – an initiative to enhance localizing the sector’s supply chain and expand the small and medium enterprises base. Prime Minister also launched...

Qatar Petroleum and Marubeni Corporation Signs 5-year Light Naphtha Sales Agreement

13/02/2019

Doha, 13 Feb. 2019 (QP) Qatar Petroleum, for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has concluded a 5-year sales agreement to supply Japan’s Marubeni Corporation an annual total of 200,000 metric tons of light naphtha starting from January 2019. The agreement is the third such agreement to...

Qatar Petroleum, ExxonMobil to Build Mega LNG Export Project in USA

06/02/2019

Doha, 05 Feb. 2019 (QP) Qatar Petroleum and ExxonMobil have taken the final investment decision for developing the Golden Pass LNG export project, which is located in Sabine Pass, Texas, and is owned by Golden Pass Products LLC - a joint venture between affiliates of Qatar Petroleum (70%) and ExxonMobil (30%). The decision to...

UAE Announces $3B for Pakistan, Pakistani PM Thanks UAE for Generous Support

21/12/2018

Karachi, 21 Dec. 2018 (Anadolu News) The United Arab Emirates on Friday announced a $3-billion bailout package to rescue Pakistan's tottering economy. The Abu Dhabi Fund for Development said in a statement that it would deposit $3 billion (11 billion AED) in the State Bank of Pakistan in the coming days "to enhance liquidity and...

Qatar : 2019 Budget Anticipates Surplus of QR 4.3 b, General Tax Authority Announced

14/12/2018

Doha, 13 December 2018 (Qatar Tribune-QNA) QATAR’S general budget for 2019 will achieve a surplus of QR 4.3 billion, its first budget surplus in three years, the Ministry of Finance announced on Thursday. The surplus is a result of higher energy prices in international markets along with increasing non-oil revenues, the ministry said. The 2019 budget assumes an average oil price of $55...

Qatar Petroleum signs Exploration Agreement for Republic of Mozambique

08/12/2018

Doha, 08 Dec. 2018 Qatar Petroleum entered into an agreement with an ExxonMobil affiliate to acquire a 10% participating interest in three offshore exploration blocks in the Angoche and Zambezi basins in the Republic of Mozambique. The agreement is subject to customary regulatory approvals by the government of Mozambique. Following such approval, the various partners...

Qatar Announces It's Withdrawal From OPEC

03/12/2018

Doha, 03 Dec. 2018 (QP) The State of Qatar announced today that it was withdrawing from the Organization of Petroleum Exporting Countries “OPEC” effective 1 January 2019. Sa'ad Sherida Al-Kaabi, the Minister of State for Energy Affairs, made the announcement today during a press conference in Doha, and said the State of Qatar has informed...

QSTP Opens Registration For 2nd Edition Of Arab Innovation Academy

20/10/2018

Doha ...

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