Doha, 22 April 2019 Qatar Petroleum today issued an ‘invitation to tender’ for the reservation of ship construction capacity required for the LNG carrier fleet for its North Field Expansion (NFE) Project, which will increase Qatar’s LNG production capacity from 77 million tons per annum (mta) to 110 mta starting in 2024. In addition to...

Doha, 21 April 2019 Qatar Petroleum, for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has concluded a 10-year sales agreement to supply Thailand’s SCG Chemicals with a total of 3 million metric tons of Light Naphtha starting from April 2019. This long-term supply agreement is the first QPSPP...

Doha, 18 Feb. 2019 Nakilat has signed an agreement with McDermott to form a joint-venture (JV) company providing offshore and onshore fabrication services in Qatar. The strategic partnership aims at increasing productivity levels at Nakilat’s world-class Erhama Bin Jaber Al Jalahma Shipyard and developing local construction capabilities to support the increasing demand for the construction...

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...

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...

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...

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...

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...

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...

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...