Qatar Petroleum CEO: Qatar crude production will rise by 10%, or 400,000 bpd, in 5 to 7 years

Eren Sengezer FXStreet

The CEO of Qatar Petroleum crossed the wires, via Al Jazeera, saying that crude production will rise by 10%, or 400,000 bpd, in 5 to 7 years after the development of the natural gas north field, Reuters reported.

Key quotes (via Reuters):

Qatar well prepared and can "stay under siege forever", gas and oil industries will not be affected
Helium issue to be solved, thanks to shipping by sea directly from Doha
Qatar still importing all its needs despite boycott, says UAE's port of jJbal Ali will be "biggest loser" in dispute
Foreign investments in Qatari oil and gas industries total around 250 billion Riyal, investors will not leave
Any disruption in Qatari gas production will affect many countries at different levels

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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