Tesla’s robot to make physical work a ‘choice’ PAGE 9 MONDAY, AUGUST 23, 2021 35,120.08 11,078.47 55329.32 1,784.00 DOW +225.96 PTS QE +45.03 PTS SENSEX -300.17 PTS GOLD +0.05 % QAC invites customers to test drive Mitsubishi Outlander Hybrid Electric PHEV PAGE 11 PRICE PERCENTAGE PRICE PERCENTAGE 23.16 BRENT 65.18 -1.91 % WTI 62.14 -2.14 % SILVER -0.51 % QSE opens Qatargas completes fabrication of week on positive wellhead platform jacket for NFPS note, gains 45 points The new jacket is the first support drilling structure ever to be manufactured in Qatar for Qatargas TRIBUNE NEWS NETWORK TRIBUNE NEWS NETWORK DOHA DOHA CONTINUING its upward QATARGAS on Sunday announced momentum for the last four the completed fabrication of well- weeks, Qatar’s stock market head platform jacket (WHP12N) for opened the new week on a pos- the North Field Production Sustain- itive note. ability (NFPS) project. The jacket The Qatar Stock Exchange will serve as the steel frame to sup- (QSE) general index gained port a topside structure as part of a 45.03 points, or 0.41 percent, fixed offshore production platform. when the bourse closed trad- The new jacket is one of the sev- ing at 11,078.47 points on Sun- eral new offshore structures that day with Qatar Islamic Bank will be installed to ensure that pro- (QIB) and Commercial Bank duction from Qatar’s existing liq- (CB) rising 1.6 percent and 1.7 uefied natural gas (LNG) trains is percent respectively. sustained at 77 million tonnes per The gains in the banking annum (mtpa). stocks were mainly triggered The new jacket is the first sup- by Qatar cabinet’s approval to port drilling structure ever to be increase the percentage of non- manufactured in Qatar for Qatargas Qatari ownership in the capital and a formal ceremony was held at of four main banks to 100 per- the Qcon fabrication yard located cent, a move that could attract in Mesaieed to mark the milestone. more liquidity to the bourse. The ceremony was attended by Qa- The volume of shares traded targas CEO Khalid bin Khalifa Al decreased to 119.885 million Thani and executives from Qatar on Sunday from 175.465 on Petroleum, ExxonMobil, TotalEn- during the previous session ergies, Qatargas, Saipem and Qcon. on Thursday, and the value of Qatargas executed the initial shares decreased to QR304.166 jacket fabrication project on behalf million from QR579.94 million of Qatargas 2 shareholders, which on Thursday. include Qatar Petroleum, Exxon- Indices of four sectors Mobil and TotalEnergies. The engi- closed in the positive territory. neering, procurement, construction While two sectors closed in the and installation (EPCI) contract for red zone, while one sector re- the WHP12N Jacket was awarded to mained unchanged. The QSE Saipem in June 2020. Total Return Index gained 0.41 Commenting on this landmark percent to 21,930.49 points achievement, Minister of State for and QSE Al Rayan Islamic in- Energy Affairs, Qatar Petroleum The new jacket is one of the several new offshore structures that will be installed to ensure that production from Qatar’s existing LNG trains is sustained at 77 mtpa. dex increased 0.13 percent to President and CEO and Qatargas 4,609.52 points. The QSE All Chairman HE Saad Sherida Al Kaabi capabilities, skills and knowledge gratulate the Qatargas project team, mising the highest safety and qual- injury. This achievement is what Share Index added 0.24 per- said, “This new wellhead platform in Qatar. The delivery of this jacket Saipem, Qcon and all those involved ity standards that we set for all our pleases me most about this project.” cent to 3,520.35 points. jacket, which was the first of its in such a short timeframe is testa- in completing this critical piece of projects.” As the world’s premier LNG Meanwhile, major stock kind to be entirely fabricated in Qa- ment to the effective collaboration infrastructure to help sustain pro- Highlighting the project’s out- company, Qatargas has a well-prov- markets in the Gulf rebounded tar, was completed on schedule and among Qatar Petroleum, Qatargas duction from the North Field. standing safety performance, the en track record of delivering major on Sunday, after declining in to the highest standards of safety and Saipem.” “Despite numerous challenges Qatargas CEO said, “Everyone projects and operating onshore and the previous session, but falling and quality, clearly demonstrating Qatargas Chief Executive Officer posed by the COVID-19 pandemic, should be especially proud of the offshore facilities in the North Field oil prices continued to weigh on the steadfast progress we are mak- Khalid bin Khalifa Al Thani said, “I the entire team has done an out- over 650,000 workhours expended with world-class safety, reliability Saudi Arabia where the bench- ing to expand our project delivery would like to wholeheartedly con- standing job and without compro- on this project without a lost time and operational excellence. mark index extended losses. QC hosts Qatar-Kazakhstan Business Council meet TRIBUNE NEWS NETWORK organised commercial visits to lish a strategic partnership be- pation of a number of business DOHA Kazakhstan in recent years. tween the two sides that will be owners and representatives of He welcomed Kazakh the beginning of a new phase of companies on both sides. QATAR Chamber (QC) on companies wishing to invest economic and trade relations. The available investment Sunday hosted a meeting of the in Qatar. He pointed to the importance opportunities and the most im- Qatar-Kazakhstan Business “Many countries faced of regular communication be- portant projects in a number of Council in the presence of the challenges due to the COV- tween the two sides and activat- sectors in which the two sides First Deputy Prime Minister of ID-19 pandemic. Qatar suc- ing all procedures related to the can cooperate were reviewed, Kazakhstan Ali Khan Samailov ceeded in overcoming the joint business council. and the participants were in- and Ambassador of Kazakh- challenges, thanks to its wise He pointed out that there troduced to the most impor- stan to Qatar HE Arman Issa- management of the crisis. are many joint investment pro- tant incentives and facilities galiyev. Several council mem- Qatar’s economy was able to jects, especially in the agricul- provided by the two countries bers from the two sides were show flexibility in facing this tural fields, and that there is a to foreign investors. present on the occasion. crisis and succeed in achieving desire to increase these projects. During the meeting, Qatari Delivering a speech on the steady growth,” he said. Deputy Minister of Na- businessman Ahmed Al Khalaf occasion, Qatar Chamber First He called on Kazakh com- tional Economy of Kazakh- said that holding a joint busi- Vice Chairman Mohammed panies to take advantage of the stan Alibek Kuntirov delivered ness council and joint meetings bin Ahmed bin Tawar Al Ku- incentives offered by Qatar’s a speech on the occasion in between Qatari and Kazakh wari said that Qatar Chamber government in the areas of in- which he praised the trade re- businessmen would enhance was looking forward to estab- vestment in food security, in- lations between the two coun- cooperation and increase trade lishing commercial partner- dustry, investment and others tries. He pointed out that there exchange between the two ships between business owners of commercial fields. are broader areas of invest- countries. During a session held in the two friendly countries. Speaking on the occasion, Officials from Qatar and Kazakhstan take part in the Qatar-Kazakhstan Business Council meeting ment cooperation, especially in via videoconference, the direc- He pointed out that Qatari- the deputy prime minister of organised by Qatar Chamber in Doha. the fields of banking, air freight tor-general of the International Kazakhstan relations are wit- Kazakhstan stressed the depth and air transport. Islamic Food Processing Asso- nessing a remarkable develop- of relations between the two He called on Qatari busi- Kazakhstan will be established joint companies and benefit Kazakhstan Deputy Minis- ciation said that there are many ment in all fields especially in countries that have a com- nessmen to identify the op- as of next September. from the expertise possessed by ter of Agriculture Ruslan Mana- areas that can witness joint Qa- trade, economic and invest- mon desire to strengthen and portunities available in these Mohammed bin Ahmed Al companies on both sides. tayev said that the government tari-Kazakh projects, especially ment sectors. develop relations in various sectors. He pointed out that Obaidli, the head of the Qatari He pointed to the interest of is implementing a development in food security projects. Pointing to the importance fields, especially trade and in- Kazakhstan is the largest side in the joint business coun- Qatari businessmen in identify- programme for the agricultural Stressing the role of the of cooperation and exchange vestment. economy in the Central Asian cil, praised trade and invest- ing opportunities in promising sector in the country that has Qatar-Kazakhstan Business of experiences between Qatari He indicated that there are region and has great resource ment cooperation between the sectors in Kazakhstan and to resulted in many opportunities Council in strengthening joint companies and their Kazakh plans to hold a Qatari-Kazakh- potentials such as plutonium two friendly countries. benefit from investment incen- for investment in this vital sec- cooperation, he said the Islam- counterparts in all sectors, stan business forum in the Ka- and precious metals. Thanks to coordination and tives provided by Kazakhstan. tor. He pointed out that there ic commercial institutions in he stressed Qatar Chamber’s zakh capital Nur Sultan soon in “The country is also char- communication between the He called on business own- are about 5 million square kilo- the two countries can cooper- keenness to overcome any order to strengthen economic acterised by a good geographi- two sides, Obaidli said, the year ers in Kazakhstan to learn metres of arable land with the ate with each other.