Economy

Qatar: QatarEnergy and Chevron Phillips Chemical Secure $4.4b Financing For Ras Laffan Petrochemicals Project

09/10/2023

Doha, 09 Oct. 2023 QatarEnergy and Chevron Phillips Chemical Company LLC (CPChem) today announced that they have secured $4.4 billion financing for the Ras Laffan Petrochemicals project, a world scale integrated polymers complex in Ras Laffan Industrial City, Qatar. The senior debt financing package is comprised of commercial and Islamic facilities as well as Export...

Qatar: HH Amir of Qatar Lays Foundation Stone Of North Field Expansion Project

03/10/2023

Doha, 03 Oct. 2023 His Highness Sheikh Tamim bin Hamad Al Thani, Amir of State of Qatar, laid the foundation stone of the North Field expansion project, which will raise the State of Qatar's LNG production capacity from the current 77 million tons per annum (MTPA) to 126 MTPA by 2026. The project’s ground breaking...

Qatar: Life Pharma Inks Distribution Pact With Pharmaceutical Major PharmEvo Of Pakistan

30/09/2023

Doha, 30 Sept. 2023 (QT) By Ashraf Siddiqui LIFE Pharma, one of the leading Qatari drugs distribution companies, has inked a distribution agreement with PharmEvo, a major state-of the-art pharmaceutical manufacturing company from Pakistan. Abdullah Majed Al Noaimi, chairman of the Board of Life Pharma and Haroon Qassim, managing director of PharmEvo, Pakistan, signed the...

QatarGas Rebrands As 'QatarEnergy LNG'

14/09/2023

Doha, 14 Sept. 2023 Emphasizing a future vision for Qatar’s liquefied natural gas (LNG) industry, QatarEnergy announced on Thursday that Qatargas has changed its name to “QatarEnergy LNG”. With a new name and logo, “QatarEnergy LNG” will continue to deliver on its commitment to safety, environmental protection, flawless project delivery and the reliability and efficiency...

7th GECF Summit of Heads of State and Government Set For March 2, 2024 in Algeria

11/09/2023

Doha, 11 Sept. 2023 The Gas Exporting Countries Forum (GECF) marked a significant step towards its flagship event, the 7thSummit of Heads of State and Government, by convening the 4th High-Level Ad-Hoc Working Group (HLAHWG) meeting today at the GECF Secretariat. This gathering sets the stage for the Summit, scheduled to take place on 2...

Over 90 Countries' Representatives Confirm Participation in 3rd Belt and Road Forum for Int'l Cooperation: Spokesperson

07/09/2023

Beijing, 07 Sept. 2023 (Xinhua News) A Chinese Foreign Ministry spokesperson announced on Thursday that, so far, representatives from more than 90 countries have confirmed their participation in the third Belt and Road Forum for International Cooperation in October. Sept. 7 marks the 10th anniversary of the Silk Road Economic Belt (the Belt component of...

2023 Global Trade in Services Summit CIFTIS Held in Beijing

02/09/2023

Beijing, 02 Sept. 2023 (Xinhua News) China on Saturday pledged to advance the opening-up of its service sector, a resolute move to unleash growth potential and share business opportunities with countries and enterprises worldwide. Chinese President Xi Jinping announced a series of measures for expanding the opening up of services sector while addressing the Global...

Iran Opens Last Phase of World’s Largest Offshore Gas Field

28/08/2023

Bushehr, Iran (IRNA) The gas production has begun at Iran’s Phase 11 of South Pars, the world’s largest gas field. The inauguration ceremony was held in the southern city of Asaluyeh on Monday with Iranian President Ebrahim Raisi in attendance, according to the IRNA. The strategic project comprises the drilling and completion of 12 wells...

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