Latest news with #QatarEnergy
Reuters
4 days ago
- Business
- Reuters
Rosneft says ex-Qatari energy minister re-elected as company chairman
MOSCOW, July 21 (Reuters) - Russia's largest oil producer Rosneft ( opens new tab said on Monday that former Qatari energy minister Mohammed Bin Saleh Al-Sada had been re-elected as company chairman. One of the key tasks for Al-Sada, who was first elected in June 2023, will be navigating Rosneft through the latest sanctions imposed by the European Union. Rosneft called the sanctions, which also targeted India's Nayara Energy refinery in which it has a stake, "unjustified and illegal". It said the EU move against Nayara directly threatened India's energy security. Al-Sada was Qatar's minister of energy and industry, and chairman of the board of Qatar Petroleum (now QatarEnergy) from 2011 to 2018.
Qatar Tribune
5 days ago
- Qatar Tribune
Indian expat in Doha builds rare coin collection from 140 countries
Tribune News Network Doha Mukthar Mohammed, an Indian expatriate from Kerala living in Qatar for the past 28 years, has created an extraordinary collection of 1,341 coins from 140 countries, earning him admiration among global numismatic enthusiasts. A resident of Doha and an official at Qatar Airways, Mukthar's passion for coin collecting dates back to his childhood in Venkidengu, Thrissur District, where his father ran a small grocery shop. 'I used to sort coins into different bowls on a table—it was a simple hobby that became my passion,' he recalls. Though his early collection was lost during the renovation of his ancestral home, Mukthar resumed his coin-collecting journey a decade ago with renewed dedication. Since then, he has meticulously built and preserved a vast and diverse assortment of coins that vary in shape, size, color, and metal composition—from copper and bronze to silver, aluminum, and steel. His collection is not just a visual delight but also a historical archive, with several coins commemorating political transitions, royal dynasties, and momentous global events. The oldest coin in his possession dates back 224 years, corresponding to Hijri year 1223, from the Ottoman Empire period—an artifact that stands testament to the passage of time and empires. 'Coins are more than currency—they are silent storytellers of a nation's history and culture,' says Mukthar. He dreams of organizing his collection scientifically, with labels denoting historical eras and geographical origins. However, some coins remain unidentified, prompting him to turn to AI tools for classification and tracing. Among the notable pieces in his collection are limited-edition coins and historic Qatari 5 and 10 dirham coins, which he treasures as part of his local heritage. The entire collection weighs over 10.5 kilograms, and Mukthar aspires to eventually gather coins from every country in the world. 'It's a personal journey that connects me to the history and people of different nations,' he says. Mukthar's home reflects the couple's artistic and cultural sensibilities. His wife, Shiny Mukthar, an employee at Qatar Energy, is a talented acrylic painter known for her stunning canvas artworks and Islamic calligraphy. Their living room displays her vibrant creations, making the home a unique blend of history and art. The couple is proud of their three children—Fawaz, Fidha, and Fayiza—and hopes to pass on their shared love for culture and creativity to the next generation.
Business Recorder
17-07-2025
- Business
- Business Recorder
Qatar hikes September al-Shaheen crude term price to 5-month high, sources say
SINGAPORE: QatarEnergy raised the term price for al-Shaheen crude loading in September to $3.33 a barrel above Dubai quotes, sources said on Thursday, up 85 cents from the previous month and the highest in five months. The price hike came after spot premiums for Middle East crude rose so far this month, supported by robust margins, especially for diesel. The price was set after the producer sold five cargoes loading in the same month to PetroChina, Vitol and Japanese refiner Idemitsu Kosan via its monthly tender, the sources said. Separately, QatarEnergy also sold one September-loading Qatar Marine and Land crude each to PTT at premiums between $2.20 and $2.30 a barrel above Dubai quotes, they added.
Zawya
17-07-2025
- Business
- Zawya
Qatar hikes August term price for al-Shaheen oil to 4-month high, sources say
SINGAPORE: QatarEnergy has raised the August term price for al-Shaheen crude oil to its highest premium in four months, according to three trade sources. The premium for August-loading al-Shaheen crude rose to $2.48 a barrel above Dubai quotes. The producer sold all five cargoes to TotalEnergies. The jump in premiums followed increases in Middle East crude benchmarks Dubai and Oman as fighting broke out between Israel and Iran last week, raising concerns of supply disruptions in the key producing region. Last month, QatarEnergy sold July-loading al-Shaheen crude to companies including Vitol and set the term premium at $1.63 a barrel. (Reporting by Florence Tan; Editing by Christian Schmollinger)
Yahoo
08-07-2025
- Business
- Yahoo
New gas discovery off Cyprus coast may reduce EU energy dependence
A consortium made up of ExxonMobil and partner Qatar Energy International has made a second natural gas discovery beneath the seabed south of Cyprus, the government said on Monday. New natural gas discoveries in the eastern Mediterranean could help Europe lessen its dependence on Russian hydrocarbons by diversifying its energy supply and help buttress a budding energy partnership between Cyprus, Greece and Israel, said John Sitilides, a senior fellow at the Foreign Policy Research Institute and geopolitical strategist at Trilogy Advisors in Washington. "Washington and Brussels would be wise to support this hydrocarbon network to develop a greater measure of critical energy independence for Europe's hopeful re-industrialisation," Sitilides said. Cypriot government spokesman Konstantinos Letymbiotis said in a written statement that ExxonMobil's vice president, John Ardill, briefed Cypriot President Nikos Christodoulides about the discovery at the Pegasus-1 well during a teleconference. Related Energy in Europe is also at stake as Israel-Iran conflict escalates BP sees major downturn as gas trading and refining divisions lag The well was discovered about 190 kilometres (118 miles) southwest of Cyprus at a depth of 1,921 meters (6,302 feet) of water. No estimates of the quantity of natural gas were given. The statement said more assessments will be conducted in the coming months to evaluate the results. The ExxonMobil-Qatar Energy consortium holds exploration licences for two areas — or blocks — inside Cyprus' exclusive economic zone. In 2019, the consortium discovered the Glaucus-1 well inside the same Block 10 where the Pegasus-1 well is located. Cypriot authorities say Glaucus-1 is estimated to contain 3.7 trillion cubic feet of gas. Overall, Pegasus-1 is the sixth natural gas deposit to be discovered inside Cyprus' economic zone in the last 14 years. Other deposits include the Zeus, Cronos and Calypso wells, which lie inside Block 6 that is operated by a consortium made up of Italy's Eni and Total of France. Cronos is estimated to hold 3.1 trillion cubic feet of gas, and Zeus 2.5 trillion cubic feet. Calypso is still being evaluated. The Eni-Total consortium holds exploration licences for four blocks. The earliest field to be discovered, Aphrodite, is estimated to hold 5.6 trillion cubic feet of gas. The field is inside Block 12, which is operated by a consortium made up of Chevron, NewMed Energy and Shell. Agreements with Egypt foresee gas from the Cronos and Aphrodite fields to be sent to Egypt via a pipeline for either domestic use or to be processed at Egyptian facilities for export to Europe and other markets. Cyprus' Energy Minister George Panastasiou also said that ExxonMobil, Eni and Total could partner up to jointly develop their gas deposits found in close proximity to each other. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
