Qatar’s national oil company, QatarEnergy, recorded a 58% jump in net income in 2022 to reach a record 154.6 billion riyals ($42.4 billion) amid the global energy crisis. The company mainly benefitted from higher gas prices, with prices 40% higher in 2022 than the previous year. Qatar harbors big natural gas ambitions.
Last week, QatarEnergy’s President and CEO, Al-Kaabi, declared that a full 40% of all new LNG that will come to the global market by 2029 will be from Qatar. “Gas will always be needed as the cleanest fossil…China Settles Congo Copper And Cobalt Mining Dispute For $2 Billion
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