Search Site

Trends banner

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

Qatar urges separating politics from the oil and gas trade

Qatar has called for the formulation of policies that discourage the politicization of the oil and gas trade. File pic
  • Qatar energy minister also called on governments and multilateral institutions to condemn sabotage and military attacks on energy infrastructure or electricity networks
  • He also sought transition to low-carbon energy through a realistic mix of energy sources, including hydrocarbons, renewable energy, biofuels, nuclear power and hydrogen

Doha, Qatar: Qatar has called for the formulation of policies that discourage the politicization of the oil and gas trade and its use as a tool of sanctions or to limit free trade agreements.

In a press statement ahead of the ministerial meeting of the Gas Exporting Countries Forum scheduled for Tuesday in Cairo, Minister of State for Energy Affairs, President and CEO of Qatar Energy Eng. Saad bin Sherida Al Kaabi said that  Qatar urges all governments and multilateral institutions to condemn sabotage and military attacks on energy infrastructure or electricity networks.

He appealed to all governments, companies, stakeholders and energy consumers to work together to develop wise and balanced policies that allow responsible economic development.

The Minister added that in order to reduce energy poverty and provide energy for all in an equitable manner, the transition to low-carbon energy must be through a realistic mix of different energy sources, including hydrocarbons, renewable energy, biofuels, nuclear power and hydrogen.

“Supporting investment today in all of these energy sources is a must to ensure adequate global supplies for the future,” Al Kaabi said.