BUSINESS | 16 SPORT | 20 Nakilat signs Sanchez says Qatar MoU with eager to overcome Al Jazeera Media ‘lack of experience’ Network after Copa show. Tuesday 25 June 2019 | 22 Shawwal 1440 www.thepeninsula.qa Volume 24 | Number 7933 | 2 Riyals Amir directs to support Pakistan with $3bn QNA The support expresses cooperation in various fields. DOHA the confidence of the The friendly ties between the State of Qatar in the two countries will be Upon the directives of Amir strengthened to a strong eco- H H Sheikh Tamim bin Hamad strength of the Islamic nomic partnership, she added. Al Thani, Deputy Prime Minister Republic of Pakistan’s Her comments come after a and Minister of Foreign Affairs economy and the successful visit of H H the Amir H E Sheikh Mohamed bin to the Islamic Republic of Abdulrahman Al Thani vision and good Pakistan during which several announced new investments in management of the Memoranda of Understanding the form of deposits and direct current government (MoUs) were signed between the investments in the Islamic headed by Pakistan’s two countries’ governments. Republic of Pakistan worth a During the first day of the total of $3bn. Prime Minister Imran visit, H H the Amir and the Prime In a statement to Qatar News Khan, H E the Deputy Minister of Pakistan had wit- Agency, H E the Deputy Prime Prime Minister and nessed the signing of an MoU Minister and Minister of Foreign Minister of Foreign between Qatar’s Ministry of Affairs said that the Qatari Commerce and Industry and support comes after H H the Affairs said. Pakistan’s Ministry of Commerce Amir’s visit to Pakistan to under- and Textile Industry, on the Amir H H Sheikh Tamim bin Hamad Al Thani with International Olympic Committee President Dr. Thomas ` score the deep relations between development in the relations establishment of Qatari-Paki- Bach in Lausanne, Switzerland, yesterday. P3 the two brotherly countries and between the two countries and stani Joint Working Group on peoples. peoples at all political, eco- Trade and Investment, in It also expresses the confi- nomic, sports, cultural and other addition to an MoU for cooper- Amir participates in IOC dence of the State of Qatar in the levels. ation in the fields of tourism and strength of the Islamic Republic In a related statement, Paki- business activities. of Pakistan’s economy and the stan’s Special Assistant to the They also witnessed the vision and good management of Prime Minister on Information signing of an MoU for cooper- General Assembly meetings the current government headed and Broadcasting Dr. Firdous ation in the exchange of financial by Pakistan’s Prime Minister Ashiq Awan underlined that the investigations related to money QNA sports and Olympics at the global of the inauguration of the new Imran Khan, H E the Deputy memoranda of understanding laundering, related original LAUSANNE level. The participants also voted headquarter of the IOC 'The Prime Minister and Minister of (MoUs) signed by Pakistan and crime and the financing of ter- on the city that will host the 2026 Olympic House', which coincides Foreign Affairs noted. the State of Qatar during the rorism between the Financial Amir H H Sheikh Tamim bin Winter Olympics, which will be with the 125th anniversary of H E Sheikh Mohamed bin visit of H H the Amir will help Information Unit of the State of Hamad Al Thani participated in hosted by the Italian cities of founding of the Committee. Abdulrahman Al Thani added boost trade and economic rela- Qatar and the Financial Control the meetings of the General Milan and Cortina. The meeting also reviewed that by announcing this new tions between the two Unit of the Islamic Republic of Assembly of the 134th session of H H the Amir met yesterday areas of cooperation between investment package yesterday, countries. Pakistan. the International Olympic with the President of the IOC Dr. the State of Qatar and the IOC the size of the Qatari-Pakistani In a televised statement The MoU aims to enhance Committee (IOC), held in Thomas Bach, on the sidelines of and ways of promoting them. economic partnership will reported by Pakistan’s APP, Dr. cooperation between the two Lausanne, Switzerland, yesterday. the meetings of the IOC General President of Qatar Olypic amount to $9bn, and on this Firdous Ashiq Awan said that the bodies to effectively reduce and The meetings discussed a Assembly. At the outset of the Committee H E Sheikh Joaan bin occasion, the State of Qatar two countries agreed to take combat money laundering and number of topics on the agenda meeting, H H the Amir congrat- Hamad Al Thani attended the affirms its aspiration for further steps to enhance bilateral terrorist financing. related to the development of ulated Dr. Bach on the occasion meeting. QP, Chevron Phillips Chemical sign pact Fath Al Khair to take for Mideast’s largest ethane cracker peace message to MOHAMMAD SHOEB THE PENINSULA Europe, North Africa Qatar Petroleum (QP), the state-owned RAYNALD C RIVERA number of goals and messages. energy giant, announced yesterday the THE PENINSULA “First, it will carry the selection of Chevron Phillips Chemical message that Qatar is a country Company LLC as its partner in a new Petro- Fath Al Khair is set to embark that loves peace, second it will chemicals Complex, which will be developed on its longest journey yet with show the world what World Cup and constructed in Ras Laffan Industrial City. its maiden voyage to Europe and 2022 is, and third it will tell The new complex will have an ethane North Africa starting next month about Qatar’s rich maritime her- cracker with a nameplate capacity of 1.9 carrying the message of peace, itage how Qatari people used to million tonnes of ethylene per annum, raising awareness on Qatar’s live and the sufferings they had making it the largest ethane cracker in the rich maritime heritage and to endure to make a living out Middle East and one of the largest in the promoting World Cup 2022. of pearl diving,” he explained. world. It will also include two high-density The fourth edition of Fath Al But the main objective of this polyethylene derivative units, which will Khair journey will be in three journey, Dr. Al Sulaiti said, is to link raise Qatar’s current Polyethylene production phases, the first of which starts the new generation with the old. capacity by 82 percent by the fourth quarter on July 10 and covers a 4,000 “The new generation is pre- of 2025. nautical mile distance towards occupied with all the revolution The project will be built to the highest Turkey, Greece, Albania, Croatia in technology and has almost standards, deploying state-of-the-art tech- and Italy carrying 16 sailors forgotten about the past. We nologies and placing utmost importance on H E Saad bin Sherida Al Kaabi (right), Minister of State for Energy Affairs and President & aboard. For the second phase of want to remind them about the safety, reliability and the environment. CEO of Qatar Petroleum (QP), exchanging documents with Mark Lashier, President and the journey, the dhow will set sail life of their forefathers and their The announcement was made during a CEO of Chevron Phillips Chemical, during the signing ceremony at Ritz-Carlton Hotel in in June 2020 towards France legacy, telling them this is their ceremony held in Doha, during which rel- Doha, yesterday. PIC: BAHER AMIN/THE PENINSULA and Spain while the final phase roots, their heritage and they evant project agreements were signed by will see it travel to Morocco, have to know it,” he said. H E Saad bin Sherida Al Kaabi, the Minister the sidelines of the signing ceremony, Al petrochemicals markets. This major project Algeria and Tunisia in 2021. Mohammed Yousef Al Sada, of State for Energy Affairs, the President and Kaabi said: “The conclusion of these agree- will provide excellent opportunities for “This is the first time Fath Al captain of Fath Al Khair 4, is opti- CEO of Qatar Petroleum, and by Mark E ments constitutes an important milestone Qatar’s private sector to contribute to the Khair is going to Europe and North mistic the journey will enrich the Lashier, President & CEO of Chevron Phillips for Qatar Petroleum as petrochemicals rep- development of our oil and gas sector, and Africa. It has been to long distance cultural communication between Chemical. The ceremony was attended by resent a major pillar of our growth strategy will generate significant revenues that will journeys previously like in the people of Qatar and those in senior executives from QP, Chevron Corpo- to achieve our vision of becoming one of the support the further development of our Mumbai, but yes, this is the longest Europe and North Africa as the ration, Phillips 66, and Chevron Phillips best national oil and gas companies in the economy and the well-being of all people at around 4,000 nautical miles,” voyage will introduce Qatar’s Chemical Company. world.” living in Qatar.” Dr. Khalid bin Ibrahim Al Sulaiti, maritime heritage as well as The signed agreements govern the He added: “This project will optimise the Al Kaabi also expressing his gratitude to General Manager of Katara, told promote World Cup 2022. project’s ownership and development utilisation of ethane produced from the North the Amir H H Sheikh Tamim bin Hamad Al The Peninsula yesterday. Katara launched the first through a new joint venture company Field LNG expansion project as well as from Thani, for his guidance and unwavering Speaking to The Peninsula on edition of Fath Al Khair in 2013 between Qatar Petroleum (with a 70 percent existing ethane producing projects.