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

Nakilat to Expand its Investment Outside Qatar  Join our daily free Newsletter

MENAFN - Qatar News Agency - 30/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) Nakilat's Managing Director Abdullah Fadhalah Al Sulaiti said Saturday that the company was looking to expand its current investments, which currently reaches QR54.6 billion. Speaking to Qatar News Agency, the Managing Director said the company intends to increase its fleet of LNG carriers, adding that Nakilat was holding talks with a number of European and Asian countries in that field. He noted that part of that strategy was increasing the company's stake in Greece's Maran Gas. Nakilat increased its stake by 10% to 40%. It also added four carriers to the company's fleet, to bring the total to 58. He noted that Maran Gas' fleet served production inside Qatar, as well as outside it. He added that the four new carriers, a 900 million investment, will be delivered in 2014. Al Sulaiti said that Nakilat was looking to expand in the LNG delivering operations, by buying stakes in companies like Maran Gas. He revealed that the LNG global market was at a promising phase, something that encourages Nakilat to look for investment opportunities outside the State of Qatar in order to achieve more added value to the company and its shareholders. On the possibility of increasing its stake at Maran further, the Managing Director said that Nakilat was studying all possible investment plans, including increasing its stake at Maran. He maintained however that there was no finalized plan at the moment Engineer Abdullah Al Sulaiti added the Company welcomes any investment that achieves profit which commensurate with its vision of tankers, adding that the company's focus at the moment mainly on the activity of gas shipping an area, which we are seeking to expand it. He pointed out that gas production and its shipping is witnessing a significant growth a matter which encouarges 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

 






  MENA News Headlines
 Aug 22 2014 - Saudi - Agriculture sector advances 1.3Arab News
(MENAFN - Arab News) The Saudi stock market continued its positive movement and managed a fourth straight rise on Wednesday accumulating more than 56 points.The Tadawul All-Share Index (TASI) set out ...

 Aug 22 2014 - Hollande: France armed Syrian rebels 'a few months ago'Arab News
(MENAFN - Arab News) SAINT-PIERRE France: President Francois Hollande said on Thursday that France had delivered weapons to rebels battling the Syrian regime of Bashar Assad 'a few months ago.'The ...

 Aug 22 2014 - Europeans in push for new UN resolution on GazaArab News
(MENAFN - Arab News) UNITED NATIONS: Britain France and Germany have put forward key points of a new UN Security Council resolution on Gaza in a fresh bid to end six weeks of violence diplomats said ...

 Aug 22 2014 - Saudi - Woman kicked fined for trying to enter giraffe penArab News
(MENAFN - Arab News) MILWAUKEE: A California woman who got kicked in the face after trying to climb into the giraffe exhibit at a Madison zoo has paid a fine and apologized.Police say 24-year-old ...

 Aug 22 2014 - Ice Bucket Challenge injures firefighters in USArab News
(MENAFN - Arab News) WASHINGTON: Four US firefighters were injured two seriously Thursday as they were helping run a so-called Ice Bucket Challenge at a Kentucky university.'We express heartfelt ...

 Aug 22 2014 - Asian shares slip as China manufacturing data weighsArab News
(MENAFN - Arab News) HONG KONG: Asian markets mostly fell with downbeat Chinese manufacturing data dragging down Hong Kong and Shanghai as concerns grew about the pace of recovery in the world's ...

 Aug 22 2014 - Saudi - Street car cleaners in the capital feel the heatArab News
(MENAFN - Arab News) Authorities have stepped up the campaign against car cleaners operating illegally on the city's streets.Four Bangladeshis who had been scouring Riyadh's Al-Ahsa Road in search of ...

 Aug 22 2014 - Saudi - No Zamzam hassle for IndiansArab News
(MENAFN - Arab News) Indian pilgrims will no longer be troubled by having to pack cans of Zamzam water into their luggage when returning home after completing their Haj.As part of the arrangement ...

 Aug 22 2014 - Saudia urged to focus on domestic Umrah servicesArab News
(MENAFN - Arab News) Saudi Arabian Airlines (Saudia) held a ceremony at the Jeddah Hilton on Wednesday to celebrate the achievements of its former director-general Khaled Al-Molhem in the presence of ...

 Aug 22 2014 - Saudi - Inspection of cafes in the offingArab News
(MENAFN - Arab News) The Jeddah Municipality plans to launch a campaign of inspection of coffee shops and Internet cafes in the next couple of days spokesman Abdulaziz Al-Ghamdi told Arab News. 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