The document reflects indicative terms and conditions in relation to the equity acquisition. Currently Rosneft owns 16,67% in this joint venture, after the transaction is completed Rosneft will increase its stake to 40% of JV and PDVSA participation will be reduced to 60%.

Saudi Arabia and Russia, the world’s two largest crude producers, agreed to freeze output after talks in Qatar.

Global LNG output is expected to rise by a third to about 330 million metric tons annually by 2018, according to Sanford C. Bernstein & Co. Most of the new fuel will come from the U.S. and Australia, which is poised to topple Qatar as the biggest supplier. Unlike Saudi Arabia, the largest oil shipper, Qatar won’t be fighting for market share at the expense of earnings.

Since March 2014, Iran has increased its gas output by 200 million cubic meters per day. The managing director of the National Iranian Oil Company has said that by boosting 100 million cubic meters per day of gas in the current year, Iran is ready to outpace Qatar, because seven phases of the South Pars will come on stream this year.

The Qatar Investment Authority has sold its shares in Shell and BG for $1.5bn, according to Qatar’s Al Sharq Media.

In terms of oil and gas reserves per capita, Qatar is still “well ahead” of the other major oil and gas producers with 83,600 barrels of oil equivalent in 2014.

May 17 State-owned Qatar Petroleum will announce a restructuring plan in the coming months to adapt to the drop in oil prices, the head of its wholly owned international subsidiary said.

Two Qatari companies agreed to pay about $5 billion for a 49% stake in Shandong Dongming Petrochemical Group to help the Chinese business build an LNG receiving terminal and expand into retail gasoline sales.

Qatar has no plans to pitch in as an alternative supplier as Europe seeks to reduce its reliance on Russian gas according to the country's energy minister, AFP has reported.

QP to spend around $11 bln to redevelop offshore oil field