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QatarEnergy, the Gulf country's state-run petroleum firm, said Wednesday it has agreed to buy a 25 per cent stake in a massive gas project in Iraq, marking the rare entry of a major producer into a market that Western firms have pulled back from in recent years. The Gas Growth Integrated Project, launched by French oil giant Total in 2021, aims to develop facilities to recover natural gas from several oil fields in southern Iraq. That's where it is currently being flared when the natural gas released through oil production is burned and released into the atmosphere. The project also aims to treat seawater for injection into oil reservoirs to boost production. Total maintains a 45 per cent share of the project, while Iraq's Basra Oil Company owns 30 per cent. QatarEnergies said the total investment in the project would be around USD 10 billion. We are pleased to be part of this significant development, which is important for Iraq's energy sector, Saad Sherida Al-Kaabi, the Minister
India on Thursday said it attaches "high priority" to secure early release of eight former Indian Navy personnel who are in detention in Qatar for over six months. The Qatari authorities have not yet publicly made any charges against the Indians who were working for private firm Dahra Global Technologies and Consultancy Services. "We attach high priority to the matter. There are continuous efforts by our embassy for resolution of the matter so that early return and repatriation can take place of the detained Indian nationals," External Affairs Ministry spokesperson Arindam Bagchi said at his weekly media briefing. He was responding to a question on the matter. "Our embassy has been seeking consular access. I think one more request is pending so that they can ascertain the welfare and well-being of our nationals and the family meetings and family visits are continued to be facilitated," Bagchi said. Indian officials have been given consular access to the eight men on a number of ..
FIFA had reserves of almost USD 4 billion after a financially successful 2022 World Cup in Qatar, and booming hospitality and ticket sales at the 2026 tournament in North America are expected to add billions to the income of soccer's international governing body. FIFA detailed "exceptionally robust" finances in its 2022 annual report late Tuesday that saw the annual bonus of President Gianni Infantino rise by 620,000 Swiss francs (USD 673,000). His pre-tax base salary and bonus package totalled 3.6 million Swiss francs (USD 3.9 million) plus more FIFA-paid expenses and benefits. At the World Cup in November, FIFA announced record revenue of almost USD 7.6 billion for the four-year commercial cycle through 2022 that is mostly earned by the men's World Cup. FIFA said its reserves stood at USD 3.97 billion at year's end compared with USD 1.6 billion through 2021. "FIFA's financial position remains exceptionally robust and sustainable with a substantial cash base and sufficient reserve
No one answers the door or the phone at the offices of the two campaign groups linked to a cash-for-favours corruption scandal at the European Union's parliament, allegedly involving Qatar. No light is visible inside. No Peace Without Justice (NPWJ), a pro-human rights and democracy organisation, and Fight Impunity, which seeks to bring rights abusers to book, share the same address, on prime real estate in the governmental quarter of the Belgian capital. The heads of the two organizations are among four people charged since December 9 with corruption, participation in a criminal group and money laundering. Prosecutors said in a statement that they suspect certain European lawmakers and aides were paid large sums of money or offered substantial gifts to influence parliament's decisions. Qatar rejects allegations that it's involved. The Gulf country that's hosting the soccer World Cup has gone to considerable trouble to boost its public image and defend itself against extensive ...
The World Cup stadium was designed to leave a minimal footprint in the Qatari sand. It's now due to be dismantled. Stadium 974 played host to seven matches, the last of which was Brazil's 4-1 win over South Korea in the round of 16 on Monday. The Qataris say the stadium will disappear, but it isn't clear when that will happen. The Gulf country will soon stage an Asian Cup, the multi-sport Asian Games and maybe even an Olympics. A look at FIFA requirements for World Cup stadiums and what happens next for Qatar's venues. WHAT DID QATAR NEED? FIFA has clear specifications for a World Cup host's venues plan. A main stadium holding at least 80,000 people to stage the final, at least one more of 60,000 capacity that must host a semifinal, and several more of at least 40,000 though FIFA let Russia have two that dipped below 35,000 four years ago. Qatar had a 12-stadium plan when it bid for and won the hosting rights in 2010. About three years into its long preparations for the 2022 .