Quotes: 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

 


The Peninsula




  MENA News Headlines
 May 30 2016 - International Freelance Marketplace Proffstore to Present an Innovative Service PIM at The Israel Mobile SummitMENAFN Press
(MENAFN Press) International freelance marketplace Proffstore is going to present an innovative service PIM on 14 June 2016 at The Israel Mobile Summit. On 14 June 2016 Israel Trade Fairs & ...

 May 30 2016 - GDP and other acronymsMENAFN Press
(MENAFN Press) GDP, Gross Domestic Product, is the macro-economic concept par excellence. However, it does not appear at the top of rankings of most used acronyms. Such rankings are established by ...

 May 30 2016 - Lexus Hybrid Owners: Thanks a Million!MENAFN Press
(MENAFN Press) Lexus announced it has sold over 1 million hybrid vehicles since the world's first luxury hybrid vehicle, the RX 400h, went on sale in April 2005. This major milestone has been ...

 May 30 2016 - The Perils of Media IslamMorocco World News
(MENAFN - Morocco World News) Contemporary media Islam has invented a new religious public sphere beyond governmental control across national borders, located in cyber spaces and on satellite ...

 May 30 2016 - Shams 1 wins at the 2016 MENASOL AwardsMENAFN Press
(MENAFN Press) Shams Power Company, developer and operator of the Shams 1 concentrated solar power (CSP) plant in Western Abu Dhabi, has been recognised for its contribution to local communities at ...

 May 30 2016 - Honeywell marks 40 years of aircraft maintenance services that reduce downtime and costsMENAFN Press
(MENAFN Press) Honeywell (NYSE: HON) is celebrating 40 years of providing maintenance service plans for airplane operators and owners of business jets. As one of the world's leading manufacturers of ...

 May 30 2016 - Remittances from UAE play an important role in Egypt & Jordan economiesMENAFN Press
(MENAFN Press) World Bank Group remittance data sees Egypt and Jordan emerge as key receivers of remittances within the MENA region. In 2015, Egypt received an estimated USD 19.7 billion in ...

 May 30 2016 - CUD partners with Provectus Middle East to lead sustainability agenda in higher educationMENAFN Press
(MENAFN Press) Canadian University Dubai (CUD) is set to boost its pioneering work in environmental development and green economy through a new partnership with sustainable solutions experts, ...

 May 30 2016 - GCC Committee for Undersecretaries of Post and Telecommunications successfully concludes 27th meeting in RiyadhMENAFN Press
(MENAFN Press) UAE, 29 May 2016 - A high-level delegation from the UAE Telecommunications Regulatory Authority (TRA) has discussed during its participation at the recently concluded 27th meeting of ...

 May 30 2016 - TP-LINK Outlines 2016 Strategy And Celebrates Top Performing PartnersMENAFN Press
(MENAFN Press) SOHO and SMB Networking Vendor Pays Tribute To Partner Excellence at the First ‎Partner ConneXion 2016 ‎ Duabi, UAE, May 29,2016:TP-LINK Technologies Co Ltd, a leading ...

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