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 26 2015 - Saudi National Water Co. to undertake USD2.39b projectsMENAFN
(MENAFN) Saudi Arabia's National Water Company (NWC) is set to initiate 62 projects with a total value of about USD2.39 billion to develop infrastructure and drainage networks, Arab News reported.NWC ...

 May 26 2015 - Kuwait's trade surplus with Japan narrows sixth monthKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait's trade surplus with Japan narrowed 34.0 percent in April to JPY 63.8 billion (USD 524 million) from a year earlier, shrinking for the sixth month, as ...

 May 26 2015 - US dollar firms at KD 0.302 against Kuwaiti dinarKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The exchange rate of the US dollar against the Kuwaiti dinar was stable at KD 0.302 on Monday, while the euro dropped to KD 0.332 compared to Sunday's rates.The ...

 May 26 2015 - GCC coordinates to unify customary measures at train stations by 2018 - Kuwaiti officialKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Gulf Cooperation Council (GCC) states started considering the implementation of unified customary measures to transfer goods and passengers of member states ...

 May 26 2015 - KSE ends Monday's trading in red zoneKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait Stock Exchange (KSE) ended Monday's session on red board as the weighted index shed 2.04 points, reaching 420.98, the price index went down by 6.98 points ...

 May 26 2015 - SNB interested in Kuwait's economic policies - EnvoyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Swiss National Bank (SNB) pays more attention to Kuwait's economic policies, development projects and investments, said Kuwaiti Ambassador to ...

 May 26 2015 - Kuwait enjoys strong financial solvency - expertKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait enjoys strong financial solvency and is projected to record budget surplus as the crude oil price stayed above USD 55 per barrel benchmark, a leading ...

 May 26 2015 - Multinat'l investment fund to be launched in EgyptKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Egyptian Minister of Commerce, Industry and SMEs Munir Fakhri Abulnour said Monday Egypt has launched a new investment fund in collaboration with Russia and the ...

 May 26 2015 - Bahrain forces arrest wanted "terrorist," seize explosives - MoIKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Bahrain Interior Ministry said Monday it arrested a person wanted for committing several crimes, and found explosives and guns in his possession which would be ...

 May 26 2015 - Kuwait's crude oil exports to China triple - dataKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait's crude oil exports to China in April nearly tripled from a year earlier to 1.62 million tons, equivalent to 395,000 barrels per day (bpd), government data ...

more...


 






Google

Internatinal Property Show

 
 

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