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
 Mar 31 2015 - US Crude Recovery May Be Limited, Natural Gas Braces For Storage DataDailyFX
(MENAFN - DailyFX) Gold slumped on Wednesday as its pricing currency the USD gained on the back of the December FOMCdecision. The removal of the 'considerable time' phrase from the policy statement, ...

 Mar 31 2015 - A noble gesture by UAE's Sheikh Hamdan: paperEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The decision of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council to donate his Dubai World ...

 Mar 31 2015 - Etihad Airways celebrates arrival of inaugural Alitalia flights from Venice and Milan to Abu DhabiEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Etihad Airways, the national airline of the United Arab Emirates, joined celebrations at Abu Dhabi International Airport yesterday to welcome the arrival of its ...

 Mar 31 2015 - UAE's Ministry of Higher Education and Scientific Research joins local and federal scholarship authorities to activate National Scholarship DatabaseEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) On the instructions of Sheikh Hamdan bin Mubarak Al Nahyan, Minister of Higher Education and Scientific Research, to coordinate and unite efforts with all ...

 Mar 31 2015 - UAE's Assistant Under-Secretary for Protocol Affairs at MoFA attends reception at Bangladesh EmbassyEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Shehab Ahmed Mohammed Al Fahim, Assistant Under-Secretary for Protocol Affairs in the Ministry of Foreign Affairs, attended a reception last night hosted by ...

 Mar 31 2015 - UAE's Minister of Environment discusses cooperation with Ambassadors of Poland and EritreaEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Dr. Rashid Ahmed bin Fahad, Minister of Environment and Water, has met with Adam Krzymowski, Poland's Ambassador to the UAE, and discussed ways to enhance ...

 Mar 31 2015 - UAE's DLD sponsors fifth cycle of Princess Haya Award for Special EducationEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Dubai Land Department, DLD, has signed a sponsorship agreement with the Princess Haya Award for Special Education, PHASE, to host its fifth cycle due to be held ...

 Mar 31 2015 - Talented Emirati musicians perform for patients across the UAE to aid their recoveryEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The Abu Dhabi Festival, in association with Mubadala, has brought the popular 'Music in Hospitals' initiative to healthcare facilities across the UAE for the ...

 Mar 31 2015 - UAE's FCA launches customs statistics service on smart phonesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The Federal Customs Authority yesterday launched a customs statistics service on its website and a smart phone application to respond to customers' enquiries on ...

 Mar 31 2015 - UAE remains dedicated to covering health needs of Syrian population affected by crisisEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The UAE is dedicated to fulfilling the financial gap in the health sector of the Syrian refugee population in order to meet their basic humanitarian and health ...

more...


 






Google

Arab Advisors_12th convergence conf

 
 

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