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2016-11-02 18:35:00

QATAR & EXXON PROJECT

QATAR & EXXON PROJECT

TOGY wrote, Qatar Petroleum (QP) announced on Monday a joint venture with ExxonMobil called Ocean LNG, tasked with marketing LNG sourced outside the GCC country.

QP will own a 70% stake in the project, with ExxonMobil holding the remaining 30%, according to a QP press release.

"QP aspires to be one of the leading energy companies in the world, and LNG forms one of the cornerstones of these aspirations," said QP CEO Saad Sherida Al Kaabi in the statement. "As such, it is crucial for us to establish a global LNG marketing arm that will be instrumental in monetising opportunities that Qatar Petroleum will be pursuing and capturing outside Qatar."

In recent months, Qatar has been seeking to optimise state-owned businesses in order to meet the challenges presented by low oil and gas prices and to gain an edge over potential LNG competitors, including firms drilling in the US and Australia.

In June, QP announced that it would integrate the Qatar International Petroleum Marketing Company, better known as Tasweeq, in order to improve the company's cost-effectiveness. The absorption process is still in progress.

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Earlier:

QATAR: 

LNG TO INDIA: UP 35% 

QATAR'S RATINGS "AA" 

QATAR LNG UP 50% 

INDIA & QATAR NEGOTIATIONS 

LNG: BIGGER NO BETTER

 

EXXON: 

EXXON NET INCOME $6.16 BLN 

EXXON DOESN'T SEE 

EXXON FINED $75 BLN 

MAJORS DEBT'S RECORD 

EXXON NET INCOME $3.5 BLN

 

 

 

Tags: QATAR, PETROLEUM, EXXON,

Chronicle:

QATAR EXXON PROJECT
2019, January, 14, 11:50:00

IRAQ'S OIL DOUBLED

U.S. EIA - Crude oil production in Iraq averaged 4.5 million barrels per day (b/d) through August 2018, up from 4.4 million b/d in 2017. Iraq’s crude oil production has been steadily increasing since declines in the late 1990s and early 2000s, and it has nearly doubled over the past decade.

QATAR EXXON PROJECT
2019, January, 14, 11:45:00

OIL NEED INVESTMENT

PLATTS - Oil prices averaging $70/b in 2018 underscore the need for more investment in new supply, UAE energy minister Suhail al-Mazrouei told delegates at the Atlantic Council's Global Energy Forum in Abu Dhabi on Saturday.

QATAR EXXON PROJECT
2019, January, 14, 11:40:00

RUSSIA'S COAL EXPORTS UP 3.4%

PLATTS - Coal exports from Russia in 2018 came to 191 million mt, a rise of 3.4% on the year, according to the latest data from the ministry of energy, making the 2018 volume the highest since S&P Global Platts began collecting data in 2013.

QATAR EXXON PROJECT
2019, January, 14, 11:35:00

ФОНД НАЦИОНАЛЬНОГО БЛАГОСОСТОЯНИЯ РОССИИ: $ 58,1 МЛРД.

МИНФИН РОССИИ - По состоянию на 1 января 2019 г. объем ФНБ составил 4 036 047,6 млн. рублей, что эквивалентно 58 097,2 млн. долл. США. Совокупный доход от размещения средств Фонда в разрешенные финансовые активы, за исключением средств на счетах в Банке России, в 2018 г. составил 58 195,6 млн. рублей, что эквивалентно 923,3 млн. долл. США.

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