ArabianBusiness.com - Middle East Business News
Tuesday, 24 November 2009 19:17 UAE time

YOUR DIRECTORY /

| Share |

$70 oil could delay Qatar projects - minister

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Wednesday, 03 December 2008
OIL FEARS: Qatar's oil minister has said projects face being delayed amid the plummeting oil price. (Getty Images)
OIL FEARS: Qatar's oil minister has said projects face being delayed amid the plummeting oil price. (Getty Images)

If the oil price stays under $70 many energy projects to boost future capacity will be delayed, Qatar's oil minister Abdullah al-Attiyah said on Wednesday.

"My concern is that the oil price will go lower," Attiyah said at a petrochemical conference in Dubai. "And many projects will be delayed."

US crude settled below $47 a barrel on Tuesday, the lowest settlement since May 2005, but has since rallied slightly to around $48. (Reuters)

advertisement

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

TOP IN MIDDLE EAST POLITICS & ECONOMICS

  1. Gulf nations to see solid growth in 2010
  2. Doubts over pace of Mideast private equity recovery
  3. Bahrain approved $47.7m for elderly and housing
  4. UAE real estate will take 'some time to stabilise' - cbank
  5. Dubai population grows 1.9% in Q2

TOP MIDDLE EAST BUSINESS STORIES

  1. Islamic banks should target female market - report
  2. UK builders still chasing $330m from UAE - report
  3. UAE sees fourth consecutive month of deflation
  4. Union Properties in talks to sell 50% Emicool stake
  5. UAE grocery sales growth slumps in 2009

ALSO IN MIDDLE EAST POLITICS & ECONOMICS

  1. UAE considers allowing citizens to elect 50% of FNC
  2. UAE sees fourth consecutive month of deflation
  3. UAE tops list of foreign investors in Iraq in 2009
  4. A template for success
  5. Abu Dhabi eyes major growth in non-oil sector

LATEST MIDDLE EAST BUSINESS NEWS

  1. Banking & Finance: Islamic banks should target female market - report
  2. Travel & Hospitality: flydubai set to launch new flights to Nepal
  3. Real Estate: Dubai's Oct property sales value rises by 50% - official
  4. Politics & Economics: UAE considers allowing citizens to elect 50% of FNC
  5. Travel & Hospitality: Emirates brings forward Paris A380 plans

SHARE PRICE CHECK

RELATED STORIES

Ministry of Oil - Qatar
| 3 stories
  1. Qatar, Shell sign China refinery, petchem deal
    24 Jun '08 | News
  2. Qatar denies Israel gas deal
    19 Apr '08 | News

 EMAIL ALERTS

  1. Ministry of Oil - Qatar

  2. Politics & Economics


Tell us your story

CURRENT ISSUE


 

READER COMMENTS

  1. Why I h8 junk txts 07
    24 Nov ' 09 at 12:46
    Trick them!Posted by Manish, Dubai - WHAT AN EXCELLENT IDEA - WHY NOT GIVE SOMEONES NUMBER IN ONE OF THE TELECOM'S DUOPOLYSURE WHEN...   More  »
  2. Dubai's Oct property sales value rises by 50% - official 04
    24 Nov ' 09 at 17:08
    now hold onto your hats people as we see a massive bounce just like the US stock market.The good ole days are here again!!!!!   More  »
  3. 'Worrying' diabetes tests raise doubt on UAE's health 04
    24 Nov ' 09 at 13:42
    Obesity is on rise in every part of the world but especially in Gulf region especially due to life style changes.We all need to...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM

JOBS

SPECIAL REPORTS

SURVEYS & REPORTS

PROPERTY