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Nakilat to Expand its Investment Outside Qatar  Join our daily free Newsletter

MENAFN - Qatar News Agency - 30/03/2014
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(MENAFN - Qatar News Agency) Nakilat's Managing Director Abdullah Fadhalah Al Sulaiti said Saturday that the company was looking to expand its current investments, which currently reaches QR54.6 billion. Speaking to Qatar News Agency, the Managing Director said the company intends to increase its fleet of LNG carriers, adding that Nakilat was holding talks with a number of European and Asian countries in that field. He noted that part of that strategy was increasing the company's stake in Greece's Maran Gas. Nakilat increased its stake by 10% to 40%. It also added four carriers to the company's fleet, to bring the total to 58. He noted that Maran Gas' fleet served production inside Qatar, as well as outside it. He added that the four new carriers, a 900 million investment, will be delivered in 2014. Al Sulaiti said that Nakilat was looking to expand in the LNG delivering operations, by buying stakes in companies like Maran Gas. He revealed that the LNG global market was at a promising phase, something that encourages Nakilat to look for investment opportunities outside the State of Qatar in order to achieve more added value to the company and its shareholders. On the possibility of increasing its stake at Maran further, the Managing Director said that Nakilat was studying all possible investment plans, including increasing its stake at Maran. He maintained however that there was no finalized plan at the moment Engineer Abdullah Al Sulaiti added the Company welcomes any investment that achieves profit which commensurate with its vision of tankers, adding that the company's focus at the moment mainly on the activity of gas shipping an area, which we are seeking to expand it. He pointed out that gas production and its shipping is witnessing a significant growth a matter which encouarges many gas production facilities to hire ships to transport gas to various points worldwide. He noted that the company seeks to improve its performance both in financial matters and operations, as well as its foreign investments and it is keen to achieve development from year to year

 


Qatar News Agency




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