24Bn Worth of Goods Traded Between Qatar and US in Five Years
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BUSINESS | 14 SPORT | 17 Opec moves towards Coutinho, Neymar raising oil supply as strike late as Brazil Iran softens stance secure first victory Saturday 23 June 2018 | 9 Shawwal I 1439 www.thepeninsula.qa Volume 23 | Number 7566 | 2 Riyals Deputy Prime Minister holds talks with Italian PM NHRC calls on $24bn worth of goods UN rights body traded between Qatar to suspend Saudi and UAE and US in five years THE PENINSULA DOHA: The Qatar’s National THE PENINSULA Qatar has been increasing its Human Rights Committee investments in the US for many (NHRC) has called upon the DOHA: The Minister of Economy and years, creating thousands of United Nations Human Rights Commerce, H E Sheikh Ahmed bin jobs across America. These Council to suspend the Jassem bin Mohammed Al Thani, said include partnerships with membership of Saudi Arabia yesterday in Washington that Qatar is numerous US companies, (KSA) and the United Arab keen to further bolster bilateral ties with such as ExxonMobil, Boeing, Emirates (UAE) from the US across all fields, particularly on the ConocoPhillips and Raytheon, Council for their severe and economic and investment levels. the Minister of Economy and systematic violations of The Minister highlighted that Commerce, H E Sheikh Ahmed human rights in particular $24bn worth of goods were traded bin Jassem bin Mohammed Al against the people of Qatar. over the last five years, noting that 84 Thani, said. The committee also called percent of the trade balance is in on the government of Qatar to favour of the US, the equivalent of resort to the UN Security $20bn while 16.3 percent of Qatar’s creating thousands of jobs across Council to determine the imports came from US in 2017. America. These include partnerships responsibility of the blockading Sheikh Ahmed participated in the with numerous American companies, countries because of the illegal reception organised by the US-Qatar such as ExxonMobil, Boeing, Cono- Deputy Prime Minister and Minister of Foreign Affairs, H E Sheikh Mohammed bin Abdulrahman measures they have taken Business Council on the sidelines of coPhillips and Raytheon, the Minister Al Thani with Italy’s Prime Minister Giuseppe Conte in Rome, yesterday. The Deputy Prime against Qatar which amount the ‘SelectUSA Investment Summit’ noted. In addition, 15,000 American Minister conveyed greetings of the Amir H H Sheikh Tamim bin Hamad Al Thani to the Italian to crime, economic warfare which is taking place in Washington. citizens live in Qatar, where 5,000 Prime Minister, wishing the Italian people more progress and prosperity. The Italian Premier and collective punishment. The ceremony was attended by a highly skilled individuals are currently entrusted the Deputy PM to convey his greetings to the Amir, wishing him health and happiness At press conference yes- number of senior officials and busi- working in the private sector. and the Qatari people further progress, development and prosperity. Discussions dealt terday in Geneva, the nessmen from both countries and rep- Touching on Qatari investments with bilateral relations and means of boosting them, as well as issues of common interest. Chairman of QNHRC, Dr Ali resentatives of civil society in the US. in the US, the Minister said Qatar bin Smaikh Al Marri, said: “We The SelectUSA Investment Summit Airways alone provided a $92bn boost call for the suspension of is a leading event aimed at promoting to the US economy through the pur- membership of the KSA and foreign direct investments in the US chase of 332 American aircraft, a deal the UAE in the Human Rights with the participation of senior gov- that supports more than 527,000 jobs. Council in accordance to ernment officials, CEOs, private sector He added that $146bn worth of Al Sada: Qatar working clause 8 of UN General representatives and entrepreneurs. exports and orders to Qatar have gen- Assembly Resolution 25160 of He stressed that international erated one million American jobs that March 15, 2006 on the estab- trade and investment form a key part depend on doing business with Qatar. hard to boost energy output lishment of the Human Rights of Qatar’s future growth and diversi- Qatar Investment Authority has Council.” Al Marri also asked MOHAMMAD SHOEB fication, adding that the US is one of also pledged to invest $45bn for the energy projects, and recently new project will raise the the Human Rights Council to Qatar’s most valued and largest global period from 2015 to 2020. Of that, THE PENINSULA owned oil exploration con- production of Qatar to about issue a resolution against partners. $10bn will be channeled into the infra- tracts in overseas, including 6 million barrels of oil human rights violations Meanwhile, more than 650 structure sector, the Minister said, DOHA: The Minister of Brazil, Argentina and Mexico, equivalent per day. resulting from the siege and American companies are established noting that these investments rep- Energy and Industry, H E Dr Al Sada added: “I thing you QP and French energy take into account the appeals in Qatar, including 117 companies 100 resent 23 percent of Qatar’s GDP. In Mohammed bin Saleh Al followed the number of giant Total have jointly and reports issued by the percent owned by US citizens, he said, the oil and gas sector, Qatar Petroleum Sada, affirmed in Vienna acreage that we were announced to invest $3.5bn Special Rapporteurs and the adding that another 30 US companies has also invested $10bn in an LNG yesterday that the health of awarded in a number of (about QR12.74bn) for the report of the technical operate under the Qatar Financial plant in Texas, which he said, will con- Qatari economy is very countries… But also our development of exploration mission of the Office of the Centre. According to Sheikh Ahmed, tribute to generating 45,000 jobs. robust, and the country is flagship project is to have of Al Shaheen oil field. Al High Commissioner for Qatar has been increasing its invest- striving to boost energy massive increase in LNG pro- Shaheen, Qatar’s largest off- Human Rights (OHCHR). ments in the US for many years, →CONTINUED ON PAGE 2 production domestically as duction, which is going to be shore oil field and one of the Urging the Special Rap- well as in overseas to meet realised starting from 2024.” largest offshore oil fields in porteur to take further action, the growing demand of the Qatar has announced the world, is located in Qatari Al Marri invited him to visit the global economy. plans to increase natural gas waters 80 kilometers north State of Qatar and the block- “Our economy is a very production by 30 percent of Ras Laffan with facilities ading countries to identify vio- healthy one. The proof is the over the next several years consisting of 33 platforms and lations and meet the victims and numerical that you will get to 100 million tonnes of close to 400 wells, producing conduct a comprehensive review to see…We are working very natural gas a year by 2024. about 300,000 barrels of oil of the impact of the arbitrary hard to develop further our In April 2017 Qatar per day. measures on the human rights oil sector, both domestically Petroleum (QP), the state- QP recently signed an and the impact of the siege on cit- as well as internationally,” owned energy company, agreement with ExxonMobil izens and residents of Qatar. Dr Dr Al Sada told CNBC News unveiled its intention to to become a 30 percent Al Marri welcomed Qatar’s in Austria yesterday. develop a new gas project in equity holder in two Exxon- complaint to the concerned The Minister is in Vienna the southern sector of the Mobil affiliates in Argentina committee for elimination of all to attend the meeting of North Field that can be tar- that hold different interests forms of Racial Discrimination Organization of Petroleum geted for export, which is to be in hydrocarbon licenses for (CERD) and the complaint Exporting Countries (Opec) completed within 5-7 years. seven blocks in the world- before the International Court and allies to review pro- Qatar is the world’s class Vaca Muerta play in of Justice (ICJ) to determine the Minister of Economy and Commerce, H E Sheikh Ahmed bin Jassem bin duction quotas. The meeting largest export of Liquefied the onshore Neuquénbasin responsibility the UAE’s and Mohammed Al Thani, talking to dignitaries at a reception organised by the was likely to be a negotiation Natural Gas (LNG).Currently in Argentina. compensation for victims. US-Qatar Business Council on the sidelines of the ‘SelectUSA Investment on supply and demand aims. it produces up to 77 million Summit’ which is taking place in Washington. Referring Qatar’s new tonnes of LNG per year. The →CONTINUED ON PAGE 2 →CONTINUED ON PAGE 2 MoTC creating awareness on cyber bullying IRFAN BUKHARI and ill effects of cyber bullying helping teachers and parents to lying is a punishable offense. is shared between them remains THE PENINSULA on children. Through a graphic keep children safe online. Other tips include: Learn confidential. 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