BUSINESS | 13 SPORT | 19 QCB's foreign Serena, Osaka reserves top Forbes’ list of rise to best-paid female QR196.2bn athletes Thursday 8 August 2019 | 7 Dhul-Hijja 1440 www.thepeninsula.qa Volume 24 | Number 7977 | 2 Riyals QIA acquires sizeable stake in Oryx Midstream Services QNA The total QIA to lead Oryx in partnership with TEXAS these world-class investors.” investment in Oryx The Co-founder and CEO of Qatar Investment Authority will be approximately Stonepeak, Michael Dorrell, for (QIA) announced yesterday that $550m. QIA has his part said: “We are delighted it acquired a significant stake in committed to invest to have QIA investing alongside Oryx Midstream Services (Oryx), Stonepeak in supporting Oryxs the largest privately-held in the development continued development. We midstream crude operator in the of Oryx alongside believe Oryx is a uniquely posi- Permian Basin from an affiliate Stonepeak. tioned strategic platform and a of Stonepeak Infrastructure core North American infra- Minister of Justice and Acting Minister of State for Cabinet Affairs H E Dr Issa bin Saad Al Jafali Al Nuaimi Partners (Stonepeak). structure asset. Stonepeak and in Singapore. The total QIA investment in provides consistent, reliable Oryx remain focused on pro- Oryx will be approximately service for its customers. viding critical midstream $550m. QIA has committed to The CEO of QIA, Mansoor Al services to accommodate invest in the development of Mahmoud, said: “We believe that growing Permian production, Qatar joins Singapore Oryx alongside Stonepeak. Oryx represents a strong mid- and QIAs commitment to Oryx Since its founding in 2013, stream platform with tre- meaningfully furthers this goal.” Oryx has established itself as one mendous growth potential, and QIA is a leading Sovereign Convention on Mediation of the leading midstream oper- we look forward to working with Wealth Fund in the world that ators in the Permian Basin in the our new partners at Stonepeak. offers economic strength for the QNA signatories to this model convention H E Al Jafali also pointed out Southwest of the United States. This acquisition is a further dem- future generations of Qatar. QIA SINGAPORE aimed at facilitating litigation pro- that Qatar’s joining of this The Oryx system transports onstration of QIAs strategy to is a major contributor to real- cedures and providing alternative agreement reflects the state’s crude oil to market hubs for increase the size of our US port- ising the Qatar National Vision Qatar joined yesterday the United means of resolving disputes in a keenness to support the interna- ultimate delivery to the Gulf folio, and to invest more in major 2030, by seeking to diversify and Nations Convention on Interna- quick manner, in accordance with tional system in all that would Coast. The system helps supply infrastructure projects.” maximize long-term invest- tional Settlement Agreements the latest methods in place to uphold the rule of law and provide domestic refineries and the The partnership is the latest ments and sustainable growth. Resulting from Mediation, known establish completed justice. the appropriate environment for growing US export market. in a series of investments under- Midland-based Oryx Mid- as the Singapore Convention on During the signing ceremony, security, peace and social justice. Upon completion of the taken by QIA across the US where stream is the largest privately- Mediation. which witnessed the presence of H E Al Jafali stressed that the remaining part of the system QIA aims to increase investment held midstream crude operator The Instrument of accession representatives from a number of Government of Qatar continues under construction, Oryx’s total to $45bn in the coming years. in the Permian Basin. The to the Convention was signed by countries of the world, H E the Min- to develop and modernise its legal transportation capacity will The CEO of Oryx, Brett Wiggs, company owns and operates a Minister of Justice and Acting Min- ister of Justice and Acting Minister system according to a deliberate exceed 900,000 barrels per day said: “The significant investment crude oil gathering and trans- ister of State for Cabinet Affairs H of State for Cabinet Affairs affirmed plan in line with the objectives and and access multiple takeaway and commitment from QIA portation system underpinned E Dr Issa bin Saad Al Jafali Al that Qatar’s signing of this important aspirations of Qatar National options, providing customers the alongside Stonepeaks strong by nearly one million acres Nuaimi, who heads the State’s del- agreement comes within the direc- Vision 2030. differentiated service flexibility operational and capital support under long-term dedications egation to the high-level con- tives of Amir H H Sheikh Tamim bin The Qatari delegation will they need to maximise the value will allow us to continue to grow from more than 20 customers. ference on mediation and inter- Hamad Al Thani to establish a review the country’s legal expe- of their production. The Oryx our footprint in the Permian Stonepeak Infrastructure national dispute resolution cur- national legislative and legal system rience and discuss areas of coop- team is committed to a high Basin and deliver the highest Partners is an infrastructure- rently under way in Singapore. to keep pace with the rapid devel- eration and exchange of expe- standard of safety and environ- level of service to current and focused private equity firm with With this accession, the State of opments witnessed by the society rience in bilateral meetings with mental responsibility as it future customers. We are thrilled over $15bn of assets. Qatar is at the forefront of the and the world in all fields. a number of friendly countries. Deputy PM gets Ashghal opens Umm Al Jamajim Street for traffic phone call from QNA usiya Street and Al Waab Street pursue traffic safety, a median has Al Furousiya Street and Al Waab World Athletics Championships Iranian Defence DOHA through Al Khufoos Street. been established to separates the Street. Doha 2019 is taking place in Sep- Umm Al Jamajim Street will two directions of the traffic, along “The opening at this time tember, the road will gain more Minister In preparation for the start of the enhance traffic in the area after with service roads. Pedestrian and coincides with the start of the significance as it will create 2019/2020 academic year and its huge development. The street, cycle paths are being completed new academic year to serve easier access to Khalifa Interna- QNA the launch of IAAF World which consisted of a lane in each on both sides of the road. many educational institutions, tional Stadium where the tour- DOHA Athletics Championships Doha direction, has been revamped Highway Project Department schools and kindergartens in the nament will be held,” he added. 2019, the Public Works Authority into a two-lane road in each Manager Eng. Bader Darwish area”, Darwish said. Umm Al Jamajim Street is Deputy Prime Minister and ‘Ashghal’ has announced the direction to accommodate about stressed that the opening of “The street will create better located in an area with many Minister of State for Defence opening of the 1,500M Umm Al 8,000 vehicles per hour, Umm Al Jamajim Street will traffic connection for businesses vital facilities such as Khalifa Affairs H E Dr Khalid bin Jamajim Street in Murraikh to reducing traffic time to more improve traffic movement for as well such as Villagio Mall and International Stadium, Aspire Mohamed Al Attiyah yesterday traffic to provide a direct than 60 percent. residents in Murraikh, Baaya, sport facilities like Aspire Zone; Zone, Villaggio Mall, and Eques- received a telephone call from movement between the Furo- As part of Ashghal’s efforts to Luaib and Muheirja and between and while the kickoff of IAAF trian Club. `P3 the Minister of Defence and Armed Forces Logistics of the Islamic Republic of Iran, Brig- adier General Amir Hatami. Qatar, Ivory Coast to boost Bilateral relations between the two countries and ways of enhancing them were discussed ties and enhance trade during the call. The Iranian Minister praised SIDI MOHAMED “The opening of the Embassy reflects the wisdom of the Qatari lead- THE PENINSULA the will of the two countries to develop rela- ership in managing its crisis with tions and diversify relations in all political, neighbouring countries. He also The Ambassador of the Republic of Ivory economic and other fields,” he noted. invited H E the Deputy Prime Coast to the State of Qatar, Dr. Abdul Kadir He said that the Ivorian-Qatari Joint Minister and Minister of State for Cisse, expressed his delight at the official Committee’s initial activities are Defence Affairs to visit the inauguration of his country’s embassy in scheduled to take place in 2020 that will Islamic Republic of Iran. For his Qatar, stressing that they will do the best explore new fields of cooperation part, H E the Deputy Prime Min- to promote common interests and increase between the two friendly nations. ister and Minister of State for the volume of trade and economic rela- “This Committee will strengthen our Defence Affairs welcomed the tions between the two countries. strategic solidarity through mutual invitation of the Iranian Minister During an official opening ceremony support for the positions of the two coun- of Defence and stressed Qatar’s of the Embassy of the Republic of Ivory tries in the international arena,” the firm position that the security Coast in Qatar yesterday in the presence Ambassador added. and stability of the region is the of a number of Ambassadors and digni- On the official visits between leaders responsibility of all, which Falah at ‘Summer with Tarsheed’ camp taries, Cisse said that after six months of of both countries, Cisse said that in 2017 necessities all the different appointment as an ambassador in Doha Amir H H Sheikh Tamim bin Hamad Al parties resort to the dialogue Kahramaa concluded ‘Summer with Trasheed’ camp, with the participation of Falah, he could say confidently that cooper- Thani paid an official visit to Abidjan, table, while stressing at the same the athletic falcon (the mascot of Doha 2019).