Qatar Petroleum (QP) has announced that it has started supplying ultra-low-sulphur diesel (ULSD) from its refinery in Mesaieed for the domestic transportation market with effect from Sunday.
Now all diesel sold in Qatar will be of the highest specification as the QP’s refinery in Mesaieed has started producing ULSD fuel required for the local market, QP said in a statement.
The ULSD is a higher grade and cleaner premium diesel fuel that meets the European Emission Standard (Euro 5) specifications.
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Doha: Qatar Petroleum is pleased to announce the commencement of supply of Ultra Low Sulphur Diesel (ULSD) by the QP Refinery in Mesaieed for the domestic transportation market, effective from today, bringing all Diesel sold in the country to the highest specifications.

The ULSD is a higher grade and cleaner premium diesel fuel, which meets the European Emission Standard ‘Euro 5’ – specifications. With this announcement, Qatar"...

Gulf countries face a challenging few months in balancing their economies with oil prices likely to remain under pressure and a price recovery above $50 per barrel not expected before the end of the year, Saxo Bank said on Wednesday.
Ole Hansen, Saxo Bank’s head of Commodity Strategy, said declining global energy demand affected by COVID-19 travel restrictions, rapidly mounting oil supplies in storage facilities and Saudi Arabia’s reduction in its oil-exporting price are the key factors likely to keep the"...

KPMG in Qatar recently hosted a webinar to share insights and analyses on the digital transformation in the oil and gas industry both in Qatar and at the global level.
The event was titled, “Digital Transformation in the Oil and Gas Industry” and explored the question of “How can being digital help revamp one of the biggest sectors of the Qatar economy?”.
Qatar’s oil and gas market has gone through some big changes in recent times. Given the current COVID-19 situation and the challenges"...

British energy major BP, aiming to achieve net zero carbon emissions by 2050, on Thursday entered the offshore wind market in a US tie-up with Norwegian peer Equinor.
Under the deal, BP will pay Equinor $1.1 billion (933 million euros) for interests in wind developments off the coasts of New York and Massachusetts, while pursuing other US projects together.
Until now, BP has only operated onshore wind assets, mostly in the United States.
“BP and Equinor today announced the formation of a new strategic"...

• The rebrand signals the next stage in the company’s journey to grow as an energy solutions provider leading the decarbonization, digitization and delivery of reliable power globally.
• As a major wholly owned subsidiary of the Mitsubishi Heavy Industries Group, Mitsubishi Power will work even more closely with its sister companies to tap new verticals and build on investments in digital solutions, hydrogen, ammonia, battery energy storage systems and solar power.

Mitsubishi Power, a major"...

Qatari natural gas exports have recently grown in the global market, as the country has become one of the UK’s major gas exporters.

In a report, Scientect website revealed that Atar is among the leading exporters of natural gas to the UK, which is considered to be the world’s eighth-largest gas importer.

Qatar supplied the UK with nearly 50 per cent of its"...

Afton Chemical Corporation, a global leader in the lubricant and fuel additive market, has received approval from the Afton Chemical board to invest in Gasoline Performance Additives (GPA) blending capabilities at its Singapore Chemical Additive Manufacturing Facility.

The investment is part of Afton’s “Made In” strategy that focuses on globally lean supply chain solutions that enable quicker support and more effective supply to"...

Industries Qatar (IQ) agreeing to buy the remaining 25 percent stake in Qatar Fertilizer Company (QAFCO) from Qatar Petroleum (QP) for $1 billion and a favourable blended gas price for a new gas sale and purchase agreement (GSPA) for QAFCO 1-6 will have a positive financial impact on IQ in 2020, QNB Financial Services (QNBFS) has said in its latest report.
“We see the modest upside to our existing QR1.4 billion earnings estimate for IQ in 2020. The 100 percent consolidation of QAFCO would add QR93 million or 19"...

Qatar Petroleum has entered into a farm-in agreement with Sonangol, the national oil company of Angola, and Total to acquire a 30% participating interest in Block 48, located in the ultra-deep waters offshore Angola.

The block, with a drill ready opportunity covers an area of approximately 3,600 sq km, and is expected to be drilled as part of a 2020/2021 drilling program.

Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, said: “Continuing"...