• 4 minutes "Natural Gas Trading Picks Up Considerably Amid High Volatility" by Charles Kennedy - ...And is U.S. NatGas Futures dramatically overbought at the $6.35 range?
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 8 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 6 hours Revisiting: "The U.S. Grid Isn’t Ready For A Major Shift To Renewables" from March 2021 by Irina Slav at OILPRICE
  • 3 days How cheap Chinese tires might explain Russia's 'stalled' 40-mile-long military convoy in Ukraine
  • 7 days "The Calm Before The Storm In Oil Markets" by Tom Kool of OILPRICE and seen at YahooFinance
  • 7 days Will Variants and Ill-Health Continue to Plague Economic Outlooks?
  • 21 hours Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 7 days "Russia will stop 'in a moment' if Ukraine meets terms - Kremlin" by Reuters via Yahoo News...but Reuters suddenly cut out the balanced part of the story.
  • 7 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
America's Electric Grid Has A $2 Trillion Problem

America's Electric Grid Has A $2 Trillion Problem

Researchers from several U.S. universities…

Russia, Qatar Forge Closer Ties In Oil, Gas, Research

The Qatari Foundation for Education, Science, and Community Development has struck a partnership deal with Russia’s Rosneft to set up a research center focused on the energy industry.

The announcement was made by a spokesman for the foundation during a visit by Qatar’s emir to Russia. “It is expected that the Qatar Foundation for Education, Science and Community Development and the Rosneft company will sign an agreement on cooperation in science and education, which implies creation of a joint scientific center for research in the oil and energy sectors," the spokesman said, as quoted by Sputnik.

Separately, the ambassador of the emirate to Russia told the media that Doha would like to encourage Russian companies to bid for the development of gas fields in Qatar during tenders to be held in 2019 and 2020. The invitation is part of a wider one to Russian companies from various sectors to consider investing in the Qatari economy.

Bilateral relations between Russia and Qatar have been undergoing a boom recently, very likely related to the blockade imposed on the emirate by its Arab neighbors on alleged cozying up to Iran. Qatar has been weathering the effects of the blockade quite successfully, however, rendering it essentially meaningless.

The Qatar Investment Authority—the emirate’s sovereign wealth fund—has an interest worth US$2.5 billion in Rosneft. Initially the fund paid more than US$11 billion for a stake in the oil giant along with Glencore, but last year it sold most of it to China’s CEFC.

Now it seems that Doha is interested in more than just oil and gas ties. Earlier this year, Doha struck a deal with Moscow for the purchase of Russia’s S-400 air missile defense system. Interestingly, another Middle Eastern client for the system is none other than Saudi Arabia, the initiator of the blockade against Qatar.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • goodwritearm on March 26 2018 said:
    Pretty much everyone has Russia's S-400 now.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News