Qatar to reduce oil production from next year
The Dollar Business Bureau The State-run company Qatar Petroleum, a leading oil company in the world, announced on Tuesday that it will cut production levels beginning next year. The announcement for reduction in production from January 1 comes after the recent decision by OPEC (Organisation of Petroleum Exporting Countries) and non-OPEC oil-producing nations to limit output. “We have started advising our customers of the expected reductions in oil deliveries to ensure the state's compliance with OPEC's allocations,” Saad Sherida Al-Kaabi, President and Chief Executive Officer, Qatar Petroleum, said in a statement. The decision comes following Qatar's commitment to cut production levels by OPEC members during a ministerial meeting held on November 30, 2016. There are no details regarding the production levels. In the meeting on November ...
Cabinet approves pact with Qatar on customs matters
The Dollar Business Bureau The Union Cabinet has given its nod for an agreement between India and Qatar related to cooperation in the matters of customs. Chaired by Prime Minister Narendra Modi, the Union Cabinet has approved for ratifying and signing of an agreement on Cooperation and Mutual Assistance in Customs Matters, between India and Qatar, according to a release. The aim of the agreement is to enter into a bilateral pact for cooperation in matters related to customs between the two countries. This agreement between the two countries will help in the availability of significant information for investigation and prevention of offences related to Customs. The Agreement is also said to ease trade and make sure that the goods traded ...
Qatar-India trade to go beyond energy co-operation
The Dollar Business Bureau India and Qatar inked six key agreements on Wednesday, as Tamim Bin Hamad Al Thani, the Emir of Qatar, held talks with Indian Prime Minister, Narendra Modi, as a part of his two-day visit to India. The six key pacts include a Memorandum of Cooperation (MoU) in the field of Information and Communication Technology, scientific cooperation, diplomatic relations, among others. Under the scientific and technical cooperation, a MoU has been signed between the Ministry of Earth Sciences and Qatar Meteorological Department. As a process of enhancing the diplomatic and strategic relations, both the sides also entered into agreement, where a MoU has been signed between Diplomatic Institute of the Ministry of Foreign Affairs, Qatar and Foreign ...
