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
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.