Lates News

Total Energy: Production has stopped or is stopping in offshore areas of Qatar, Iraq, and the UAE, accounting for approximately 15% of our total output. The shutdown of Qatar's liquefied natural gas production facilities has a limited impact on our LNG trading activities. It is expected that by 2026, the growth in the company's value barrels will mainly come from regions outside the Middle East. The SATORP refinery is currently operating normally and continues to supply oil products to the Saudi domestic market. A $8 increase in the price of Brent crude oil per barrel is enough to offset expectations for 2026. The impact of the shutdown of Qatar's liquefied natural gas production on our company's LNG trading business is limited, as most of Qatar's LNG is sold by Qatar Energy.