Qatar’s state owned energy giant, QatarEnergy, has engaged in talks with several Asian nations to take an equity stake in Qatar’s massive $30 billion North Field East expansion project. “There is a hot competition to associate with the prestigious North Field expansion project,” al-Kaabi told Gulf Times at a media event at the QatarEnergy headquarters. […]
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QatarEnergy set to sign second LNG megadeal with China
QatarEnergy is set to secure its second large gas supply deal with China in less than a year, Reuters reported, citing sources familiar with the deal. China National Petroleum Corp (CNPC) and QatarEnergy are expected to sign a 27-year agreement later today, under which China will purchase 4 million metric tons of LNG a year […]
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UAE, Qatar to restore diplomatic ties, reopen embassies
The UAE and Qatar have announced the re-establishment of diplomatic representation, the two Gulf nations’ foreign ministers said on Monday. Embassies and consulates will resume work as of Monday, June 19. The UAE embassy in Doha, Qatar’s embassy in Abu Dhabi and consulate in Dubai will reopen. “The two sides affirm that this step represents […]
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Qatar to build major oil refinery in Iraq and launch new company for oil tankers
Qatar and Iraq have signed an an MoU to establish a 150,000 barrels per day oil refinery in Iraq, the Peninsula reported. Both countries have also signed an MoU to establish a joint company that will build and operate oil tankers that carry crude oil and petroleum products according to the laws in force in […]
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Qatar eyes $5 billion investment in Iraqi projects
Qatar plans to invest $5 billion in a number of sectors in Iraq over the coming years, Reuters reported, citing Qatari state news agency that cited quotes from Qatar’s Emir Sheikh Tamim bin Hamad al-Thani. The emir arrived in Iraq on an official visit where he signed memorandums of understanding (MOUs) to expand cooperation on […]
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Saudi Arabia, UAE, Qatar and Oman to hire over 1 million Filipinos for new jobs
According to the Philippines Government, there are plans for extensive recruitment of Filipino workers in Saudi Arabia, UAE, Qatar, and Oman.The sectors expected to see significant recruitment include tourism, hospitality, and construction, Arabian Business reported. The Department of Migrant Workers (DMW) of the Philippines is currently working on signing a memorandum of cooperation with these […]
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QatarEnergy, Bangladesh to sign 15-year LNG deal
QatarEnergy will sign a long-term LNG supply deal with Bangladesh’s state-owned gas company Petrobangla on Thursday, Reuters reported. This marks the second Asian sales deal to be sealed for Qatar’s North Field expansion project. The 15-year agreement is for the supply of 2 million tonnes annually, Petrobangla’s Chairman Zanendra Nath Sarker told Reuters. Supplies are […]
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Samsung C&T awards contract for Qatar’s solar megaproject
Sunpure has secured a contract from South Korean engineering and construction firm Samsung C&T to supply PV cleaning robots for Qatar’s largest solar plant—the industrial cities solar power project (IC Solar). The contract requires Sunpure to provide intelligent PV cleaning robots for two solar PV plants, with 875 MW of capacity. Both projects are expected […]
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Qatar reports trade surplus of $6 billion in April 2023
Qatar’s Planning and Statistics Authority released a report highlighting a trade surplus of 22 billion Qatari riyals ($6 billion) in April 2023. This represents a 3.5% increase compared to the previous month but indicates a decline of 35.6% on an annual basis. During the same period, the value of merchandise imports dropped by 6.3% year-on-year […]
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‘Worst yet to come’ for Europe’s energy crisis, Qatari minister warns
Qatar’s energy minister warned on Tuesday the “worst is yet to come” for Europe’s oil and gas shortages, saying a warm winter had prevented greater difficulties in recent months, according to an AFP report. Saad al-Kaabi and his Saudi counterpart Prince Abdulaziz bin Salman said a lack of investment in oil and gas, as the […]
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