Mohammed Aly Sergie and Anthony DiPaola, Bloomberg 7:30 am CST, Monday, December 17, 2018 Representative of Eni in Mexico, Massimo Melandri, is pictured during the launching of the Second Oil Auction, Round One, an historic energy reform that reopened the industry to foreign investors, in Mexico City on September 30, 2015. CONTINUE to see scenes from the Offshore Technology Conference in Houston in 2018. less Representative of Eni in Mexico, Massimo Melandri, is pictured during the launching of the Second Oil Auction, Round One, an historic energy reform that reopened the industry to foreign investors, in Mexico ... more Photo: RONALDO SCHEMIDT, AFP / Getty Images Photo: RONALDO SCHEMIDT, AFP / Getty Images Image 1 of / 40 Caption Close Image 1 of 40 Representative of Eni in … [Read more...] about Qatar buys Mexican oil stakes from Eni
Qatar
Qatar Petroleum to invest $20 billion in U.S. in major expansion
DOHA (Reuters) - Qatar Petroleum (QP) is looking to invest at least $20 billion in the United States over the coming few years, its chief executive told Reuters, after the Gulf Arab state quit OPEC, freeing Doha from potential legal risks in the United States. Saad al-Kaabi, who holds the energy portfolio of the world's top liquefied natural gas (LNG) producer, also said on Sunday QP aimed to announce its foreign partners for the new LNG trains it is building by the middle of next year. But he added QP could carry out the project alone, with no international oil company at its side, if no good offers were made. "Mark my words, if I don't get a good deal, we go alone," Kaabi said in an interview at his office in Doha. (Reporting by Eric Knecht, Rania El Gamal and Dmitry Zhdannikov; Editing by Mark Potter) … [Read more...] about Qatar Petroleum to invest $20 billion in U.S. in major expansion
Qatar says counts on Kuwait, others to revive Gulf Arab bloc
DOHA (Reuters) - Qatar is still counting on Kuwait and other regional powers to help solve the Gulf crisis and revive the Gulf Cooperation Council (GCC), Qatar's foreign minister, Sheikh Mohammed bin Abdulrahman Al Thani said on Saturday. "The (Kuwait) Emir has had a big leadership role in calming the situation which is highly appreciated by Qatar. We continue to count on the role of Kuwait and on the countries in the region to bring it (the GCC) back together," Sheikh Mohammed told the annual Doha Forum. "...We believe that we are more relevant as a bloc for those countries than we are separate and fragmented," he added. Saudi Arabia and its allies have imposed a diplomatic and economic boycott of Qatar since June 2017, accusing it of cozying up to their regional rival Iran and supporting terrorism. Doha has denied these allegations. (Reporting by Dmitry Zhdannikov and Eric Knecht; editing by Louise Heavens) … [Read more...] about Qatar says counts on Kuwait, others to revive Gulf Arab bloc
Infantino says he has wide support for 48-team World Cup in Qatar
By Eric KnechtDOHA (Reuters) - FIFA President Gianni Infantino said on Thursday that a majority of national soccer federations were in favour of expanding the 2022 World Cup in Qatar to 48 teams.gi Infantino said a decision would be made by March, although it was still not clear whether an enlarged tournament would be feasible as it would be "difficult" to stage in Qatar alone.Qatar has been locked in a bitter dispute with Gulf neighbours Saudi Arabia, the United Arab Emirates, and Bahrain that has complicated the prospect of sharing matches in an expanded tournament.Those countries, as well as Egypt, began a diplomatic and trade boycott of Qatar in June 2017, accusing it of supporting terrorism. Qatar denies the claims.FIFA last year voted to increase the size of the tournament from 32 to 48 teams starting from 2026 but, since then, Infantino has been mulling the possibility of bringing the change forward to 2022."We gathered the opinions as well of our members, the federations," he … [Read more...] about Infantino says he has wide support for 48-team World Cup in Qatar
OPEC exit frees Qatar from U.S. legal concerns
By Rania El Gamal and Eric KnechtDUBAI/DOHA (Reuters) - Even before taking over Qatar's energy policy in a government reshuffle last month, Qatar Petroleum (QP) CEO Saad al-Kaabi had long wanted the Gulf state to leave OPEC.Kaabi was concerned OPEC membership could be a stumbling block for QP's ambitions in the United States, where it has one of the world's biggest LNG terminals, and a distraction as Doha doubles down on gas production, three industry sources said. gi Proposed U.S. legislation known as NOPEC (No Oil Producing and Exporting Cartels Act) could expose members of the oil exporters club to antitrust lawsuits, a risk for QP at a time it is planning to invest billions more in the United States.The sources said Qatar's exit had been in the works for months, driven by Kaabi's desire to focus on Qatar's strength in liquefied national gas (LNG) rather than OPEC, where Doha has little say anyway because it doesn't produce much oil."It takes Qatar out of the whole debate within the … [Read more...] about OPEC exit frees Qatar from U.S. legal concerns