Qatar energy minister says decision to leave OPEC not political
Quitting OPEC the week of one of its most intensely watched meetings was not meant to be a slap in the face to the organization, nor a statement against geopolitical Continue Reading
Gas-focused Qatar to exit OPEC in swipe at Saudi influence
Qatar said it will quit OPEC to focus on gas in a swipe at Saudi Arabia, the de facto leader of the oil exporting group which is trying to show Continue Reading
Oman: Qatar’s Withdrawal From OPEC May Lead To Retaliation
Qatar’s withdrawal from OPEC is a surprise for Oman’s oil minister Mohammed bin Hamad Al Rumhi, who said in an interview with S&P Global Platts on Monday that Qatar might Continue Reading
Qatar’s Irrational Decision To Leave OPEC
OPEC’s future is once again up in the air after the decision by Qatar to leave the oil cartel on January 1 2019. Saad Al Kaabi, Qatar’s minister of energy, Continue Reading
Qatar to withdraw from OPEC and focus on gas exports
Qatar said on Monday it was quitting OPEC from January 2019 but would attend the oil exporter group’s meeting this week, saying the decision meant Doha could focus on cementing Continue Reading
Qatar Says It Will Withdraw From OPEC
Qatar Energy Minister Saad al-Kaabi said the country would withdraw from the organization by January 2019 at a press conference Monday, state-run company Qatar Petroleum said on its Twitter account Continue Reading
Qatar pulls out of Opec as relations with neighbours sour
Qatar plans to quit Opec next year as relations with its Arab neighbors sour, ending a near-six decade long membership of the oil price cartel. The emirate’s oil minister told Continue Reading
Qatar Looks To Revitalize Trade Amid Embargo
On November 7 Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, the deputy prime minister and minister of foreign affairs, announced that Doha was looking to expand trade and investment Continue Reading
Qatar’s Fund Pays $4.2B To Become Rosneft’s Third-Largest Shareholder
Qatar Investment Authority will pay some US$4.2 billion ( 3.7 billion euro ) for a 14.16-percent stake in Russia’s biggest oil producer Rosneft, thus becoming the third-largest single shareholder after Continue Reading
Qatar Plans 43% Boost In LNG Production Capacity
Qatar plans to increase its liquefied natural gas production capacity by 43 percent to 110 million tons annually, S&P Global Platts reports , citing the country’s Energy and Industry Minister. Continue Reading
Qatar to boost LNG production capacity to 110 million mt/year by 2024-minister
Qatar, the world’s largest LNG producer, is on track to expand its LNG production capacity by around 43% to 110 million mt/year, Mohammad Bin Saleh Al-Sada, Minister of Energy and Continue Reading
Higher Crude Breakeven Costs Slow Qatari Diversification
The breakeven price for Qatari crude oil has risen to US$47.10 per barrel this year from US$24.20 a barrel ten years ago, a Gulf think-tank has calculated. The Gulf Times Continue Reading
Qatar Petroleum CEO warns of upcoming,’very big’ LNG shortage
The head of Qatar Petroleum, Saad al-Kaabi, on Tuesday warned there would be a significant shortage of LNG on global markets sooner than expected as he reaffirmed the company’s plans Continue Reading
Qatar To Boost LNG Capacity To Seize Market Opportunities
The new export capacity, with projects to be completed in 2024, is expected to bring in billions of dollars more to the state coffers of the tiny gas-rich country, which Continue Reading
The Qatar-China LNG Deal Is A Game Changer
PetroChina has just inked a deal to buy 3.4 million tonnes per annum (mtpa) of LNG from QatarGas in a move representing the Chinese firm’s largest ever to date LNG Continue Reading
Qatar calls for increased investment in oil and gas markets
Qatar’s energy minister on Thursday called for oil-producing countries to boost investment in the oil and gas sector given a recovery in the price of oil, but said he did Continue Reading
Saudi Arabia Plans to Dig Canal Turning Qatar Into an Island
A senior Saudi official has appeared to confirm Riyadh’s plans to dig a canal separating Qatar from the mainland, turning it into an island. Qatar has been diplomatically isolated from Continue Reading
Higher Oil Prices Fail To Stimulate Economic Growth In Gulf States
The higher oil prices and the subsequent higher oil revenues play a part in a significantly improved outlook for the state finances and trade balances of the Arab Gulf countries, Continue Reading
Anti-Qatar Threats Could Jeopardize OPEC Meeting
The OPEC meeting on June 22nd could become a major showdown of internal conflicts. The media has been focusing on the possible split between the Arab producers and Iran, and Continue Reading
Fitch: Energy-rich Qatar goes from crisis to surplus
Recovering from political disputes, a $10 per barrel increase in the price of oil could add about 4 percent to GDP from gas-rich Qatar, Fitch Ratings reported. Qatar is the Continue Reading
Qatar taps into giant Argentinean shale reserve
Saad Sherida al-Kaabi (R), president & CEO of Qatar Petroleum, signs an agreement with Andrew Swiger, the principal financial officer of Exxon Mobil, for a stake in shale gas in Continue Reading
Qatar Petroleum To Boost Production Despite Blockade
Despite an ongoing blockade by the neighbors of Qatar, its state oil and gas company plans to increase its daily production capacity to 6.5 million barrels per day of oil Continue Reading
Russia’s VTB ready to loan Qatar to buy out stake in Rosneft if needed
VTB, Russia’s second biggest lender, is ready to provide a loan to Qatar to buy out a stake in Russian state energy company Rosneft if needed, the bank’s chief executive Continue Reading
Saudi Arabia beats Qatar to market with $11 billion triple-tranche bond
Saudi Arabia is set to raise $11 billion with a triple-tranche dollar bond, while Qatar is meeting global investors ahead of its first appearance in the debt markets since the Continue Reading
Exxon, Qatar in Talks on U.S. Shale Deal
Exxon Mobil Corp. XOM 2.94% is in talks with Qatar over a partnership that could see the Middle Eastern nation owning U.S. gas, people familiar with the matter said. The Continue Reading
Qatar energy firms to raise foreign share ownership to 49 percent: QP
Foreign investors will be able to hold up to 49 percent of Qatar stock exchange-listed shares in three subsidiaries of Qatar Petroleum (QP) [QATPE.UL] after limits on foreign ownership were Continue Reading
Rosneft to open research center in Qatar, as cooperation with OPEC members grows
Rosneft said Thursday that it has agreed to open a research and development center focusing on petrochemicals and shipbuilding technology in Qatar, following several meetings between Russian and Qatari officials Continue Reading
Russia, Qatar Forge Closer Ties In Oil, Gas, Research
The Qatari Foundation for Education, Science, and Community Development has struck a partnership deal with Russia’s Rosneft to set up a research center focused on the energy industry. The announcement Continue Reading
Qatar proposes Russian companies develop gas fields in 2019-2020: RIA
Qatar has proposed that Russian companies take part in tenders for the further development of gas fields in 2019-2020, RIA news agency cited the Qatari envoy to Russia Fahad bin Continue Reading
UAE, Qatar Warily Extend Joint Oilfield Concession
The United Arab Emirates and Qatar have extended a concession for an offshore oilfield that the two share—but warily, since the UAE is part of a regional blockade against Qatar, Continue Reading
Russia Aims To Challenge Qatar LNG Dominance
Vladimir Putin officially launched on Friday the Yamal LNG project in the Arctic—Russia’s second LNG plant and its push to challenge the dominance of Qatar and Australia, and the U.S. Continue Reading
The Qatar Blockade Could Cause A Regional Recession
Five months into the Gulf’s blockade against Qatar, and neither side looks ready to budge. But the repercussions of the ongoing spat—and Kuwait’s failure to end the dispute—could deliver a Continue Reading
Qatar Unfazed By Arab Blockade
Qatar’s resilience in the face of months of economic and diplomatic ostracization echoes in the ears of Saudi Arabia—a regional and religious leader running out of options in its quest Continue Reading
Russia Urges GCC To Resolve Qatar Dispute
The Russian foreign minister has urged a coalition of Arab states led by Saudi Arabia to negotiate with Qatar to end a bitter diplomatic dispute that has raised tensions on Continue Reading
Middle-East Tensions Soar After Critical Phone Call
The last bilateral contact between the Emir of Qatar Tamim Bin Hamad and Saudi Crown Prince Mohammed Bin Salman last Friday is the best example. After some recent indications of Continue Reading
China invests $9.1 billion in Rosneft as Glencore, Qatar cut stakes
Chinese conglomerate CEFC will buy a 14.16 percent stake in Russian oil major Rosneft (ROSN.MM) for $9.1 billion from a consortium of Glencore (GLEN.L) and the Qatar Investment Authority, strengthening Continue Reading
Qatar says new port will help circumvent Arab sanctions
HAMAD PORT, Qatar (Reuters) – Qatar inaugurated a new $7.4 billion port along its Gulf coast on Tuesday that officials said would become a regional transport hub and help shield Continue Reading
Blockade Can’t Stop Qatar From Suppling UK With Gas
Qatar supplies 20 percent of Britain’s natural gas. Just in the past four weeks, British ports have received one million meters worth of scheduled gas orders, according to the Middle Continue Reading
Despite Sanctions, Qatar Outpaces Saudi Arabia In Economic Growth
Despite the torrent of reports attesting to the non-impact of the Saudi Arabia-led diplomatic boycott of Doha, new estimates by Bloomberg’s economic survey predict that 2017 will be Qatar’s slowest Continue Reading
Qatar Passes Landmark Law to Grant Permanent Residency to Expats
Qatar, facing a Saudi-led boycott, approved a landmark law with the potential to ultimately transform Gulf societies by granting permanent residency cards — and new rights — to some of the foreigners Continue Reading
Qatar Dispute Back To Square One
The four countries leading the boycott against Qatar are going back to their list of 13 demands for Doha to meet before talks can start, essentially reverting the Arab Gulf Continue Reading
UAE buys first U.S. oil cargo to replace Qatar condensate: sources
The United Arab Emirates will import the country’s first oil cargo from the United States, two sources familiar with the matter said, as the OPEC producer sought substitutes to replace Continue Reading
No Winners in Gulf Feud as Saudi, Qatari Assets Converge on Oil
Investors aren’t taking sides in the biggest political crisis in the Gulf in decades because their focus has already returned to oil. Seven weeks after Saudi Arabia led a Continue Reading
Qatar’s $300 billion conundrum: how liquid are its reserves?
When is $300 billion not enough? That question is key to Qatar’s future as some bankers and hedge funds speculate the super-rich state’s vast financial reserves may not be liquid Continue Reading
Three Years Into Cheap Oil, Gulf Is Still Depending on a Rebound
Low prices combined with output cuts are weighing on growth Isolation of Qatar has added to perception of regional risks Energy-rich Gulf Arab nations have scrambled to adjust to the Continue Reading
The Qatar Blockade Is Threatening The OPEC Deal
The blockade of Qatar could persist for quite a long time, according to the foreign minister of the UAE, who insisted that the Gulf States that have imposed the punitive Continue Reading
Tillerson Sees Qatar Crisis Lingering
U.S. Secretary of State Rex Tillerson said a dispute between a Saudi Arabian-led bloc and Qatar may last “quite a while” as the two sides still refuse to speak to Continue Reading
Are The Arab Nations On The Brink Of War – An Interview With Shadow Governance
Almost five weeks have passed since Saudi Arabia, its Gulf allies, and Egypt announced the start of a diplomatic boycott against Qatar—a fellow Arab monarchy which, the boycotters contend, encourages Continue Reading
Total Starts Work at Biggest Qatari Oil Field to Maintain Output
Total SA will start work soon on Qatar’s biggest oil field and is willing to make more investments in the country, which faces a trade boycott led by fellow OPEC Continue Reading
Qatar Says It Has $340 Billion To Withstand Boycott By Arab Nations
Qatar’s central bank says it has $340 billion in reserves that could help the country to withstand any effects from the boycott imposed by its Arab neighbors and other countries. Continue Reading