russian energy minister expects increase in trade exchange volume with qatar
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Russian Energy Minister Expects Increase in Trade Exchange Volume with Qatar

Egypt Today, egypt today

Egypt Today, egypt today Russian Energy Minister Expects Increase in Trade Exchange Volume with Qatar

HE Russian Minister of Energy Alexander Novak
Doha - QNA

HE Russian Minister of Energy Alexander Novak expected the trade exchange volume between Russia and Qatar to reach $500 million during the next three years if it continues to grow at the current pace.
At a press conference held on the sidelines of the third meeting of the Qatar-Russia joint commission on trade, economic and technical cooperation, the Russian minister said the meeting highlighted the importance of strengthening cooperation ties between both countries and discussed the possibility of cooperating in the energy, transportation, agriculture, nuclear energy and technology fields, as well as issues related to investment between both countries.
Novak said the meeting reached positive results, adding that Qatar's market will soon be introduced to several Russian meat and poultry products.
The Russian minister said Russia has many investment opportunities that Qatar Investment Authority (QIA) and the Russian Investment Agency (RIA) may take advantage of, adding that the value of such opportunities exceed $2.1 billion in the fields of development, infrastructure, energy, petrochemicals and others.
The energy minister said the current situation is favorable to the development of the trade exchange between both countries, where in the last year QIA bought shares in the Russian petroleum company Rosneft.
The Qatari investments do not add any pressure on Russia as the current oil market reflects the importance of joint cooperation and the development of diverse economy mechanisms, the minister added.
Novak said the meeting discussed joint cooperation between Moscow and Qatar as well as working on developing bilateral cooperation in oil exploration and drilling. The meeting also discussed cooperation in the different oil areas, establishing joint companies in the oil and gas fields, and cooperation in the Gas Exporting Countries Forum (GECF) and OPEC, he added.
Commenting on the Russian and Qatari private sectors, the minister said it is imperative to provide all facilities to businessmen from both sides to boost joint cooperation in the future, and support the exploitation of opportunities, which, in turn, helps towards the increase of the volume of trade exchange that doubled last year in hope to increase it further in the future.
Novak added that the meeting discussed taxes between both countries, which play an important role in strengthening cooperation ties and boosting joint investments. Approving to form a joint team to follow up on the implementation of agreements proves that it will not remain a concept and will support the development of trade exchange between both countries, he said.
The Russian minister added that the meeting touched on the civil aviation field, where the Qatari side was briefed on all the Russian technical institutions in this field. He expressed hope that 2018 will be the Russian-Qatari civilization year and that there will be a wider cooperation in the health sector.
The meeting also discussed the oil production cut agreement, the Russian minister said, adding that the general secretariat of OPEC is running additional analyses and studies on the oil market situation and its recovery, with the results presented to the next OPEC ministerial meeting to discuss the possibility of extending the agreement. 

Source: QNA

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

russian energy minister expects increase in trade exchange volume with qatar russian energy minister expects increase in trade exchange volume with qatar



GMT 13:04 2018 Wednesday ,03 October

Qureshi agreed cooperation with United States

GMT 08:37 2017 Wednesday ,09 August

Gulf diplomatic crisis splits families, dashes dreams

GMT 12:50 2015 Wednesday ,28 January

15 Israeli soldiers killed in Hezbollah missile attack

GMT 11:52 2018 Tuesday ,23 January

Saudi university to open driving school for women

GMT 03:50 2017 Sunday ,23 April

Drought-hit Somalia moves closer

GMT 09:30 2017 Saturday ,08 July

Law enforcement forces in N. Sinai in manhunt

GMT 09:20 2017 Sunday ,29 October

World downhill champion Stuhec out of Olympics

GMT 09:08 2017 Tuesday ,15 August

Iranian drone buzzes US aircraft over Gulf

GMT 08:28 2017 Friday ,07 July

Beauty & hair magazine

GMT 12:10 2015 Thursday ,26 November

UAE Space Agency launches Planet Mars contest

GMT 14:27 2018 Thursday ,01 November

German businesses support closer EU-Russia ties

GMT 14:56 2018 Monday ,08 October

Barca held again as Sevilla lead La Liga

GMT 22:20 2012 Thursday ,08 November

RMA launches manufacturing plant in Bahrain

GMT 18:27 2014 Saturday ,27 December

Internet outage in area between Cairo, Kafr el-Dawwar

GMT 10:40 2018 Monday ,24 September

South Korea-Japan summit to be held

GMT 09:56 2018 Tuesday ,18 September

Gulf Air receives Thales InFlyt Experience officials

GMT 22:52 2018 Wednesday ,05 September

Porcshe GT3 back for 10th season
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday