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QIA Buys $550 Mn Stake in Oryx

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QIA Buys $550 Mn Stake in Oryx THURSDAY AUGUST 8, 2019 DHU AL-HIJJAH 7, 1440 VOL.12 NO. 4707 QR 2 FINE Fajr: 3:41 am Dhuhr: 11:40 am HIGH : 45°C Asr: 3:08 pm Maghrib: 6:17 pm LOW : 35°C Isha: 7:47 pm MAIN BRANCH LULU HYPER SANAYYA ALKHOR Business 10 Sports 16 Doha D-Ring Road Street-17 M & J Building MATAR QADEEM MANSOURA ABU HAMOUR BIN OMRAN Newer hotels place Qatar’s Amid global outcry over piracy and Near Ahli Bank Al Meera Petrol Station Al Meera hospitality sector ahead in ME human rights, F1 mulls Saudi GP alzamanexchange www.alzamanexchange.com 44441448 Back to School Campaign to QIA buys $550 mn stake in Oryx begin from August 14 Qatar’s sovereign wealth fund aims to increase investment in the US to $45 billion in the coming years QNA crease investment to $45 bil- set. Stonepeak and Oryx re- TEXAS We believe that Oryx represents a strong lion in the coming years. mains focused on providing midstream platform with tremendous growth The CEO of Oryx, Brett critical midstream services to potential, and we look forward to working with QATAR Investment Authority Wiggs, said: “The significant accommodate growing Per- (QIA) has acquired a signifi- our new partners at Stonepeak. This acquisition is a investment and commitment mian production, and QIA’s cant stake in Oryx Midstream further demonstration of QIA’s strategy to increase the from QIA alongside Stone- commitment to Oryx mean- Services (Oryx), the largest peak’s strong operational and ingfully furthers this goal.” privately-held midstream size of our US portfolio, and to invest more in major capital support will allow us Midland-based Oryx Mid- crude operator in the Permian infrastructure projects.” to continue to grow our foot- stream is the largest privately- THE Back to School cam- Basin from an affiliate of Sto- — Mansoor al Mahmoud, CEO of QIA print in the Permian Basin held midstream crude opera- paign for the academic nepeak Infrastructure Part- and deliver the highest level of tor in the Permian Basin. The year 2019-20 will kick off ners (Stonepeak). service to current and future company owns and operates in KidZania from August 14 The total QIA investment for ultimate delivery to the service flexibility they need forward to working with our customers. We are thrilled to a crude oil gathering and to 24 and in Mall of Qatar in Oryx will be approximately Gulf Coast. The system helps to maximise the value of their new partners at Stonepeak. lead Oryx in partnership with transportation system under- from August 16 to 24. $550 million. QIA has com- supply domestic refineries production. This acquisition is a further these world-class investors.” pinned by nearly one million The Ministry of Education mitted to invest in the devel- and the growing US export The Oryx team is com- demonstration of QIA’s strat- For his part, co-founder acres under long-term dedica- and Higher Education will opment of Oryx alongside Sto- market. mitted to a high standard of egy to increase the size of our and CEO of Stonepeak Mi- tions from more than 20 cus- organise the sixth edition of nepeak. Upon completion of the safety and environmental re- US portfolio, and to invest chael Dorrell said, “We are de- tomers. the annual Back to School Since its founding in 2013, remaining part of the system sponsibility as it provides con- more in major infrastruc- lighted to have QIA investing The system’s 2.1 million campaign under the slogan Oryx has established itself as under construction, Oryx to- sistent, reliable service for its ture projects,” Mansoor al alongside Stonepeak in sup- barrels of storage and ap- “With Education We Build one of the leading midstream tal transportation capacity customers. Mahmoud, CEO of QIA, said. porting Oryx’s continued de- proximately 1,200 miles of Qatar” in collaboration with operators in the Permian Ba- will exceed 900,000 barrels “We believe that Oryx rep- The partnership is the lat- velopment. We believe Oryx is in-service and under-con- a number of partners. The sin in the Southwest of the per day and access multiple resents a strong midstream est in a series of investments a uniquely positioned strate- struction pipeline span eight Back to School Campaign US. The Oryx system trans- takeaway options, providing platform with tremendous undertaken by QIA across gic platform and a core North counties in Texas and two in aims to enhance commu- ports crude oil to market hubs customers the differentiated growth potential, and we look the US where QIA aims to in- American infrastructure as- New Mexico. nication with the public, prepare school students and provide them and their parents and the school staff with support and aware- PAGE 20 UMM AL JAMAJIM STREET OPENS TO TRAFFIC ness. Qatar joins Singapore Convention on Mediation Eid holidays ATAR on Wednesday joined for banks from Qthe United Nations Con- vention on International Set- August 11 tlement Agreements Resulting from Mediation, knows as QNA the Singapore Convention on DOHA Mediation. The instrument of ac- THE Qatar Central Bank cession to the convention (QCB) has announced that was signed by Minister of Eid Al Adha holidays for Justice and Acting Minister of all banks operating in the State for Cabinet Affairs HE country will start on Sunday Dr Issa bin Saad al Jafali al (August 11). In a statement Nuaimi, who heads the state’s on Wednesday, the QCB delegation to the high-level said the banks will be open conference on mediation and Minister of Justice and Acting Minister of State for Cabinet Affairs to the public on Wednesday international dispute resolu- HE Dr Issa bin Saad al Jafali al Nuaimi signing the instrument of (August 14). tion currently under way in accession to the Singapore Convention. Singapore. With this accession, resolving disputes in a quick state’s keenness to support Qatar is at the forefront of manner, in accordance with the international system in all the signatories to this model the latest methods in place to that would uphold the rule of convention aimed at facilitat- establish completed justice. law and provide appropriate Turkey, US agree to ing litigation procedures and Jafali said Qatar’s joining environment for security, peace set up Syria safe zone THE Public Works Authority (Ashghal) on Wednesday opened the 1,500 metre Umm Al Jama- providing alternative means of of this agreement reflects the and social justice. PAGE 2 jim Street in Murraikh to traffic. The street will provide a direct movement between Furousiya operation centre (PG 7) Street and Al Waab Street through Al Khufoos Street. Umm Al Jamajim Street will enhance traffic in the area after its development. The street has been revamped into a two-lane road in each direction to accommodate about 8,000 vehicles per hour, reducing traffic time by more Pakistan to downgrade ties with India over Kashmir move than 60 percent. PAGE 2 AKISTAN has announced it will “downgrade” diplomatic relations and suspend bilateral trade with India Qatar condemns Pafter New Delhi stripped special status of Kashmir. The decision was made during a meeting of Paki- Kabul bombings stan’s National Security Committee, chaired by Prime Minister Imran Khan and attended by the heads of the armed forces and senior government officials. Shah Mehmood Qureshi, Pakistan’s foreign minister, said (PG 2) Zakat Fund provides aid worth QR25.7 million in July (PG 2) Islamabad will also expel Indian Ambassador Ajay Bisaria. Moin-ul-Haq, Pakistan’s newly-appointed ambas- sador to India, had yet to take up his post but will now not move to New Delhi, Qureshi said. (AFP) PAGE 8 Turkey, Paris emerge top destinations this Eid US WARSHIP JOHN compared to the same holi- P MURTHA ARRIVES 70% rise in ticket bookings this festive season day period last year,” Cozmo AT HAMAD PORT Travel Operations Manager SATYENDRA PATHAK public sector having the whole Bujair Mohammed said. US warship, John P Murtha, arrived at Hamad Port DOHA week off and those in the pri- “The trend in pre-Eid to carry out maintenance during its trip. The visit, vate sector having three to flight bookings suggests that the first to Qatar, is an important step in the growing TURKEY, Georgia and Paris four days off, travel agents Qatari nationals are more Qatar-US strategic partnership. (QNA) have emerged as top holi- said there is a huge surge in attracted towards European day destinations for Qatar Qatari nationals and residents destinations like Paris, Swit- residents to enjoy their Eid opting for overseas getaways. zerland, Austria and Lon- Al Adha holidays. According “We have noticed a sig- don. Many Qataris have also to Doha-based travel compa- nificant increase in both booked tickets for Turkey. nies, there has been almost family travel bookings and The expatriates, however, 70 percent increase in ticket bookings made by couples. prefer Georgia and Turkey as bookings this Eid Al Adha as In both the segments, the main destinations this Eid Al compared to the same period bookings have increased Adha,” Mohammed said. last year. almost 70 percent for Eid Istanbul is one of the favourite tourist destinations this year. With employees in the Al Adha holidays this year Continued on page 2 Ô 02 Thursday, August 8, 2019 Contact US: Qatar Tribune I EDITORIAL I Phone: 40002222 I ADMINISTRATION & MARKETING I Phone: 40002155, 40002122, Fax: 40002235 P.O. Box: 23493, Doha. News Ashghal opens Umm Al Jamajim in brief Amir congratulates Ivory Coast president Street in Murraikh area for traffic THE Amir HH Sheikh Tamim bin Hamad al Thani sent on Wednesday a cable of congratulations to the President of the Republic of Cote d’Ivoire Alassane Ouattara on the anniversary The street will be a boon for the residents of Murraikh, Baaya, Luaib and Muheirja localities of his country’s Independence Day.
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