Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

QPI, GEK Terna celebrate partnership  Join our daily free Newsletter

MENAFN - The Peninsula - 08/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) GEK Terna Group and Qatar Petroleum International (QPI) held a ceremony in Athens to signal their strategic partnership in the energy sector.



At its first stage, the partnership concerns the successful completion of the acquisition by QPI of 25 percent of GEK Terna's share in Heron II. On completion, QPI will join GEK Terna and GDF Suez in owning and operating Greece's most efficient power plant



The acquisition marks the first time that a Qatari state company has invested in a Greek energy asset and solidifies an alliance between QPI and GEK Terna that holds much potential for global diversification through projects and investments in the energy industry, principally in the LNG value chain and infrastructure, based not only in Greece, but across Europe as well.



Nasser Al Jaidah, CEO of QPI, said: "The acquisition of the 25 percent share in Heron II will form the basis of a long and fruitful strategic partnership between QPI and GEK Terna. QPI is always seeking to forge new alliances with global partners and in GEK Terna we found a synergistic match that will propel QPI's mission to drive Qatar's global diversification, expansion, and investment in the energy sector. This is just the first step of a strategic alliance that further bolsters Qatar's standing as a global energy supplier.



Speaking on behalf of GEK Terna Group, George Peristeris, CEO of GEK Terna said: "We are very pleased with the collaboration between QPI and our Group. This is a milestone, not only for our company but also for Greece, as it is the first time that a Qatari State Company, and one of the top global players, invests in a Greek energy asset. I hope that it will be the first stage of establishing a sustainable and fruitful partnership.



The event was attended by Asimakis Papageorgiou, Deputy Minister of Environment, Energy & Climate Change, the Qatari Ambassador in Athens Soltan Saad Al Moraikhi, Abdulaziz Al Kuwari, Chief Financial Officer of QPI, Yousef Fakhroo, Global Communications Manager, Dr Theodore Theodoropoulos, CEO of QEnergy Europe, a subsidiary of GEK Terna Group, Marc Josz, Executive Vice-President of the GDF SUEZ Energy Europe branch, and Heron 2 Board Members Marzooq Tariq Al Shamlan and Mohammed Jaber Al Sulaiti

 


The Peninsula




  MENA News Headlines
 Dec 22 2014 - Mideast insurers have strong risk-adjusted capital, says AM BestGulf Times
(MENAFN - Gulf Times) Insurers in the Middle East in general and those in the Gulf countries have strong levels of risk-adjusted capital, although they continue to rely heavily on reinsurance ...

 Dec 22 2014 - Mideast aviation firm plans budget airline in ThailandGulf Times
(MENAFN - Gulf Times) Dubai-based Transworld Aviation (TWA), a supplier of aircraft parts and aviation maintenance services and the first Middle East company of its kind with a presence in Southeast ...

 Dec 22 2014 - NDSQ to build 11 boats for new portGulf Times
(MENAFN - Gulf Times) Nakilat Damen Shipyards Qatar (NDSQ) will build construct 11 workboats, which indicate the domestic capability in the maritime industry.In this regard, NDSQ has signed an ...

 Dec 22 2014 - GCC fiscal balance to be affected by falling oil pricesMENAFN
(MENAFN) According to a report by Standard Chartered, Gulf countries' fiscal balances and growth are going to be impacted due to the drop in oil prices and the possible cuts in production in 2015 if ...

 Dec 22 2014 - USD stable against Kuwaiti dinar at KD 0.292Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The USD exchange was stable against the Kuwaiti dinar in Sunday's trading at KD 0.292 while the euro dropped to 0.357, compared with Thursday's rates, said the ...

 Dec 22 2014 - Kuwait- GCC drug registration meeting kicks offKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The 69th meeting of the Gulf Central Committee for Drug Registration (GCCDR) kicked off on Sunday under patronage of Minister of Health Dr. Ali Al-Obaidi.The ...

 Dec 22 2014 - EU Parliament sends strong political message on PalestineKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The European Parliament last Wednesday overwhelmingly adopted a compromise resolution which supports in principle recognition of Palestine statehood and the two ...

 Dec 22 2014 - Kuwait- EQUATE in the final stages of plants' turnaroundKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) EQUATE Petrochemical Company, Kuwait's first international petrochemical joint-venture, announced that it will soon be in the final stages of its plant ...

 Dec 22 2014 - Build Your Career overcoming six wrong beliefsAl-Anbaa
(MENAFN - Al-Anbaa) Self-talk is driven by critical beliefs that you hold about yourself, and is manifested in the things that you think as you move through your day. It plays an understated but ...

 Dec 22 2014 - Kuwait- KSE ends Sunday's trading on positive noteKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) All main indices of Kuwait Stock Exchange (KSE) ended Sunday's trading in green zone, as the Weighted Index closed at 433.62, gaining 16.81 points, the Price ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help