Qatar

A Dubaibased firm has agreed to lend South Sudan's government $12 billion in exchange for payment in oil, according to a copy of the deal's term sheet and an unpublished U.N. report, possibly stacking pressure on squeezed public financial resources. The deal would be the biggest oil-backed loan South Sudan has actually ever taken out, according to the report composed by a U.N. panel of investigators for Security Council members. The nation's gdp (GDP) is about $7 billion. The U.N. report is due to be published quickly. The contract was signed on Dec. 28 by South Sudan's former financing minister,...

Omer Bolat, Turkish Trade Minister said that Turkey and the Gulf Cooperation Council have signed an agreement to begin negotiations for a Free Trade Agreement. Ankara is stepping up its efforts to expand the economic ties to the region. After years of tensions, Turkey launched in 2020 a charm offensive to repair relations with Gulf countries - namely, the United Arab Emirates and Saudi Arabia. Since then, it's signed deals worth billions of dollars with Gulf nations including Qatar with whom it enjoys strong relationships. Bolat, a social media user, said that the agreement would liberalize trade of goods and...

Suriname's stateowned oil business Staatsolie has begun talks with oil majors Exxon Mobil and TotalEnergies to encourage joint advancement of natural gas fields that straddle its and Guyana's. maritime borders, the head of its state oil firm informed . late Tuesday. The early-stage conversations belong to Suriname's efforts. to increase foreign financial investment in its energy production and turn. the South American nation into a regional gas hub. Its very first. significant oil production from offshore has to do with 4 years away. To Suriname's west, an Exxon-led consortium in Guyana has. quickly ramped oil output to about 650,000 barrels...

Here are some factors that might affect Middle East stock exchange on Tuesday. has not validated the press reports and does not guarantee their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-Asia shares hit 15-month high as traders wait for CPI * Oil constant as investors eye US inflation, OPEC report * PRECIOUS-Gold rates edge greater as essential United States inflation information looms * MIDEAST STOCKS-Gulf markets end mixed ahead of United States inflation data * Israeli forces press Gaza offensive from north and south * Erdogan defends Hamas, says members are being dealt with in Turkish hospitals * White House sees no...

Vitolbacked energy storage business VTTI is close to obtaining a majority stake in Italy's. biggest liquefied natural gas import terminal from Exxon Mobil. and QatarEnergy, 2 sources with knowledge of the. matter stated on Monday. The deal, which sources previously stated could value the. whole terminal at about 800 million euros ($ 868 million), would. provide VTTI a function in the European LNG market at a time when circulations. of the liquefied gas to Italy are on the increase. Exxon put its 70.68% interest in the Adriatic LNG terminal. up for sale in 2015, as part of a strategy to...

Uniper is opposed to being purchased by a competitor as part of Berlin's efforts to offer down its 99% stake in the German energy trader, which was bailed out at the height of Europe's energy crisis, its chief executive stated. Uniper had to be saved by the German federal government for 13.5 billion euros ($ 14.6 billion) in 2022 after former main supplier Gazprom halted circulations, however considerations of how Berlin can begin offering down its holding have actually started due to the group's current turnaround. Options range from the sale of a 20% -30% stake on the open market...

Energy storage group VTTI will get a 70% stake in Italy's biggest liquefied gas ( LNG) terminal, with grid operator Snam owning the rest, the Milanlisted group stated on Wednesday, announcing a. deal to be finalised by yearend. Snam, which is controlled by the Italian government, stated in. a declaration it had actually exercised its pre-emption right to increase. its stake in the facilities dubbed Adriatic LNG to 30% from. 7.3%. The move comes after ExxonMobil and QatarEnergy last. week consented to sell their stakes in the terminal to a consortium. led by Dutch group VTTI. It verifies what 2...

Interruption to shipping in the Red Sea area will impact QatarEnergy's. deliveries of liquefied natural gas (LNG) but not its. production, CEO Saad alKaabi said on Monday. It's just going to take longer to get it there. However it will. not reach a point where we have to stop production because there. isn't any ship. We're alright, Kaabi stated at a groundbreaking. ceremony at the Ras Laffan petrochemical complex. Kaabi added that ships needing to divert away from the Red. Sea and travel around Africa rather was not perfect as this added. expense and took longer. One of the world's...

Golden Pass LNG, a joint endeavor between QatarEnergy and Exxon Mobil, on Thursday said it was in continuous talks with a contractor that might have nearterm impacts on activity at its site, but it did not inform any specialist to send out workers home. The joint endeavor is building a 2.4-billion cubic feet per day melted natural gas (LNG) export plant in Texas, which is slated to start up next year. Calendar 2025 gas futures fell to $3.15. per million British thermal systems (mmBtu) previously in the. session, their lowest since February 2022, due in part to a. media report...