Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar- Nakilat eyes foreign investments  Join our daily free Newsletter

MENAFN - The Peninsula - 30/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) Nakilat, the Qatari marine company which provides the critical transportation link in the country's liquefied natural gas (LNG) supply chain, will be expanding its investment outside Qatar.



Nakilat's Managing Director Abdullah Fadhalah Al Sulaiti (pictured) said yesterday that the company was looking to expand its investments, which currently reaches QR54.6bn



"The company has plans to increase its fleet of LNG carriers and it is holding talks with a number of European and Asian countries in the field. Nakilat has also plans to increase the company's stake in Greece's Maran Gas and expand its LNG delivering operations", he told QNA



The LNG global market is at a promising phase, something that encourages Nakilat to look for investment opportunities outside Qatar in order to achieve more added value to the company and its shareholders



"The company welcomes any investment that achieves profit which commensurate with its vision. However, the company's focus at the moment is mainly on the activity of gas shipping, an area which we are seeking to expand," he said



Al Sulaiti said gas production and its shipping is witnessing a significant growth, a matter which encourages many gas production facilities to hire ships to transport gas to various points worldwide. He noted that the company seeks to improve its performance both in financial matters and operations, as well as its foreign investments and it is keen to achieve development from year to year



Giving an update on the ongoing dry-dock project, he said the project is fast progressing and two more phases remain to be completed. Phase 2-A involves preparing a floating dock for the Q-Max vessels.



This phase will end in 2015. Phase 6, which involves the production and maintenance of FRP vessels, is the process of architectural designs and will be completed in two and a half to three years.



He said the dry-dock has provided maintenance to 200 vessels last year. It also hosted the construction of 10 new vessels. Some nine new vessels will be constructed this year as well. All of the 19 vessels will go to the Mesaieed Port.



Other deals include an agreement with Ras Laffan to construct seven vessels in the dry-dock. There was another agreement to build a 72-metre yacht. All these agreements were struck at a time were the dock was working with half of its operational capacity, Al Sulaiti added.



He said the total number of signed agreements will see 18 vessels constructed at the dry-dock. On plans to increase the number of workers at the dry-dock by 2016, Al Sulaiti said that increase in the number of workforce will be determined by the operational capacity

 






  MENA News Headlines
 Jul 29 2014 - New additions to Local Harvest brand of datesKhaleej Times
(MENAFN - Khaleej Times) E dates come from farmers who have contracts with ADFSC and therefore practise date palm farming according to the centres standards.For the next three weeks the Abu Dhabi ...

 Jul 29 2014 - PayTabs to launch online solutions in Bahrain, SaudiMENAFN
(MENAFN) PayTabs, a payment processing solution company co-owned by Saudi Aramco, is set to launch its online payment processing solutions in Bahrain and Saudi Arabia, Gulf Daily News reported.The ...

 Jul 29 2014 - Mobily signs LTE-4G roaming deal with BatelcoMENAFN
(MENAFN) Mobily telecom has signed an LTE-4G roaming deal with Bahrini Batelco to provide customers with advanced Internet services, Arab News reported.This agreement coincides with Eid Al-Fitr ...

 Jul 29 2014 - Radiant During RamadanMuscat Daily
(MENAFN - Muscat Daily) Keep your skin and hair glowing and shiny even as you're fasting in this holy month. Some tips... Moisturise Your skin too gets dehydrated when you fast. It is ...

 Jul 29 2014 - Duqm Airport takes offMuscat Daily
(MENAFN - Muscat Daily) The newly opened Duqm Airport received its first Oman Air flight ahead of schedule on Wednesday with officials saying that the facility will serve as an air transport and ...

 Jul 29 2014 - Air fares rise by 35 as travellers rush to make the most of long breakMuscat Daily
(MENAFN - Muscat Daily) Fares of most airlines have gone up due to the increase in demand during Eid al Fitr holidays. The prices of tickets to different destinations have gone up by nearly 35 per ...

 Jul 29 2014 - MoHC invites bid for construction of $250mn Oman Cultural ComplexMuscat Daily
(MENAFN - Muscat Daily) After announcing the appointment of the UK-based international consultancy and construction company, Mace as project manager for the Oman Cultural Complex (OCC), the Ministry ...

 Jul 29 2014 - Moon sighting expected on Monday eveningMuscat Daily
(MENAFN - Muscat Daily) The crescent of the new moon is expected to be visible on Monday evening across all governorates in the sultanate, marking the beginning of the month of Shawwal, according to ...

 Jul 29 2014 - Pakistan's film industry becomes alive againArab News
(MENAFN - Arab News) HORE: A breed of brand new independent filmmakers is successfully filling the void left by an obsolete industry known as Lollywood.In many ways 2013 was an era-defining year for ...

 Jul 29 2014 - Pak-British singer faces death threats over Gaza supportArab News
(MENAFN - Arab News) NDON: Zayn Malik probably wasn't expecting the barrage of abuse he received from followers after he pledged his support for the #FreePalestine social media campaign The ...

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help