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
 Jul 2 2015 - Saudi retail industry records USD98b salesMENAFN
(MENAFN) Saudi Arabia retail industry recorded USD98 billion in sales for 2011, ranking the country as the second-best retail marketplace in the Gulf Cooperation Council (GCC) after the UAE, The ...

 Jul 2 2015 - Custodian of the Two Holy Mosques visits Quba Mosque in MadinahSaudi Press Agency
(MENAFN - Saudi Press Agency) The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud visited Quba Mosque in Madinah on Wednesday evening.The King was accompanied by Prince Khalid bin ...

 Jul 2 2015 - Crown Prince arrives in JeddahSaudi Press Agency
(MENAFN - Saudi Press Agency) Crown Prince Mohammed bin Naif bin Abdulaziz, Deputy Premier and Minister of Interior arrived in Jeddah from Madinah on Wednesday evening.He was received at King ...

 Jul 2 2015 - Vodafone Qatar records USD633.56m revenue for 2014-15MENAFN
(MENAFN) Qatar's Vodafone posted USD633.56 million revenues for the fiscal year 2014-15, marking a 9 percent growth in customer subscriptions, according to the company's vice chairman, Gulf Times ...

 Jul 2 2015 - Jordan's Zarqa exports hit USD42.17m in MayMENAFN
(MENAFN) Jordan' exports, certified from the Zarqa Chamber of Commerce at the Free Zone in Zarqa, reached an overall value of about USD42.17 million in May, Jordan News Agency reported.Vehicles and ...

 Jul 2 2015 - Saudi Al-Haramain Train project worth USD2.502b, largest in MideastMENAFN
(MENAFN) Saudi Arabia's Al-Haramain Train project, considered as the largest transportation scheme to ever be developed in the Middle East, surpassed a total value of USD2.502 billion for its four ...

 Jul 2 2015 - UAE condemns terrorist attacks in North SinaiThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The Ministry of Foreign Affairs has condemned the terrorist attacks which took place in North Sinai today and resulted in martyrdom of several Egyptian army ...

 Jul 2 2015 - UAE grants USD9.79b for infrastructure in developing countriesMENAFN
(MENAFN) The United Arab Emirates is set to offer a total of USD9.79 billion for infrastructure in certain developing countries, according to the Minister of International Cooperation and Development ...

 Jul 2 2015 - Abdullah bin Zayed meets with Scotland's former First MinisterThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) H.H. Sheikh Abdullah bin Zayed Al Nahyan, Foreign Minister, today met with Scotland's former First Minister, Alex Salmond. During the meeting, they reviewed ...

 Jul 2 2015 - Human Appeal International prepares thousands of food parcels in PalestineThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Human Appeal International (HAI) has begun the implementation of food parcels project for the underprivileged families in the Palestinian Governorates, as ...

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