JEDDAH: The Saudi Export-Import Bank allocated around SR250 million ($66.6 million) for small and medium enterprises in the first quarter of 2022 and plans to earmark SR300 million by the end of the year, amounting to a total grant of SR550 million. “About 42 percent of our client base currently are SMEs. From the bank’s inception to the end of 2021, we approved over SR1.2
RIYADH: Egypt signed a $1.5 billion agreement with the International Islamic Trade Finance Corp., known as IITFC, to fund and support importing petroleum and supply commodities, the CEO said to Asharq. Hani Sonbol added that the funding will be divided between $800 million for petroleum commodities and $700 million for supply commodities. The IITFC was established in 2008 as
Qatar Strikes LNG Supply Deal with Pakistan
Feb 26, 2021 2:40:pm
Summary
by: Joe Murphy
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Qatar Strikes LNG Supply Deal with Pakistan
Qatar Petroleum (QP) has signed a 10-year deal to supply up to 3mn metric tons/year of LNG to Pakistan State Oil Co, the LNG exporter said on February 26, with supplies due to start in 2022.
The latest agreement builds on a 15-year supply contract signed in 2016 between Qatari and Pakistani entities, covering 3.75mn mt/yr of LNG. Pakistan is looking to expand gas use in power generation, so it can decommission dirtier and more expensive oil-fired capacity and overcome energy shortages.
QP signs major LNG deal with Pakistan
Qatar Petroleum (QP) has signed a deal to supply up to 3 million tonnes per year of LNG to Pakistan.
Updated: 01/03/2021, 7:22 am
Qatar Petroleum and PSO sign a long-term LNG deal
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Qatar Petroleum (QP) has signed a deal to supply up to 3 million tonnes per year of LNG to Pakistan.
The deal will run for 10 years, QP said, starting in 2022 and running to the end of 2031. The company signed the agreement with Pakistan State Oil Company (PSO).