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Tag: Qatar

Qatar, Russia defend OPEC, deny manipulation of oil prices

Qatar, Russia defend OPEC, deny manipulation of oil prices

Business
Oct. 3 (UPI) -- Qatar's energy minister defended the oil market strategy of his country and other OPEC nations Tuesday. "OPEC is not trying to manipulate the price. It's trying to bring the market to balance," said Mohammed Bin Saleh Al-Sada, Qatar's Minister of Energy and Industry. He added that low oil prices -- like the world had through much of 2015 and 2016 -- don't equal prosperity for the world's economy. "That depression of the oil price led to what? (Did it) lead to a better world economy?" he asked a panel moderated by CNBC's Geoff Cutmore at Russian Energy Week in Moscow. "In fact, there was the worst record for the global economy during that downturn in the oil price. Now, during the journey of the recovery in the oil price look what happened -- balance between supply and dema...
Leonardo to deliver NH90 transport helicopters to Qatar

Leonardo to deliver NH90 transport helicopters to Qatar

Business
Aug. 20 (UPI) -- Leonardo on Monday announced a contract for the delivery of 28 NH90 medium multi-role military helicopters to the Ministry of Defense of Qatar. The order is part of a backlog production contract. Leonardo is the primary contractor for the Qatar NH90 program, which is valued at more than $ 3.4 billion. Leonardo is taking the lead as part of the NHI consortium. "We are proud to have made this important contract effective. We continue to be fully focused on executing our industrial plan aimed at ensuring long-term sustainable growth for the group, also strengthening our commercial approach," Leonardo CEO Alessandro Profumo said in a statement. The UH90 medium-lift twin-engine helicopter is designed for North Atlantic Treaty Organization specifications as a battlefield transp...
Players my age usually go to Qatar or China – Ronaldo

Players my age usually go to Qatar or China – Ronaldo

Sports
Media playback is not supported on this device Cristiano Ronaldo says he is "grateful for the opportunity" given to him by Juventus, as players of his age "usually go to Qatar or China".The 33-year-old Portugal forward has joined the Italian champions for £99.2m after nine years at Real Madrid."To come to this club at this stage of my career, I am very happy," he said at his presentation in Turin. Ronaldo also said he hopes to be the "lucky star" as the Italian side attempt to win the Champions League. He added he had not received any other offers.Ronaldo scored ...
Qatar taps into giant Argentinean shale reserve

Qatar taps into giant Argentinean shale reserve

Business
June 4 (UPI) -- Buying an equity stake in the Vaca Muerta shale natural gas basin in Argentina marks a debut in unconventional resources, Qatar Petroleum announced. The state-owned petroleum company in Qatar said it reached an agreement with U.S. supermajor Exxon Mobil to take a 30 percent stake in its operations in Argentina. The arrangement gives Qatar Petroleum access to the Vaca Muerta shale basin, located onshore in the Neuquén basin in Argentina. "This is an important milestone, as it marks Qatar Petroleum's first investment in Argentina as well as its first significant international investment in unconventional oil and gas resources," Saad Sherida al-Kaabi, the company's president and CEO, said in a statement Sunday. Vaca Muerta is considered one of the best shale basins in...
Kongsberg signs long-term vehicle technology deal in Qatar

Kongsberg signs long-term vehicle technology deal in Qatar

Business
March 13 (UPI) -- International technology company Kongsberg signed a long-term technology development program deal with Barzan Holdings for work in Qatar.Kongsberg CEO Geir Håøy and Hamad Al Hajri, Program Director Barzan Holdings, signed the agreement in Doha, Qatar on Tuesday. The contract is potentially valued at more than $ 194.1 billion over an eight year period.The contract will seek to develop new technologies for "communication, digitalization and tower solutions for military vehicles."The technology development program is one of the largest undertakings in Kongsberg's history, the company said."We see considerable opportunities and potential for Norwegian industry and technology development with this establishment," Geir Håøy, President and CEO of Kongsberg, said in a press relea