iPhone | iPad
Android
Huawei
Senior Visa official lauds progressive steps taken by the UAE
KT APPDOWNLOAD
QatarEnergy to double annual urea production
First production line would begin before 2030
Qatar's Minister of State for Energy Affairs and President & CEO of Qatar Energy Saad Sherida al-Kaabi. — AFP file
State-owned QatarEnergy will boost its production of urea to more than 12.4 million tons annually from 6 million tons currently, its CEO said in a press conference on Sunday, without giving a timeframe.
Saad Al-Kaabi, also Qatar's minister of state for energy affairs, said the construction of four new production lines for urea, a key ingredient in fertilisers, would boost output by 106%. He said the first production line would begin before 2030.
"When we looked at the market for urea in the future, with the growth of humanity today, with 1.5 to 2 billion people that will be joining us in the next 20-30 years, the urea requirement for food production will be exponentially increasing," Kaabi said.
He also said construction on a project to expand gas production from the North Field was on schedule.
The massive expansion is set to boost QatarEnergy's overall liquefied natural gas (LNG) production by 85% over current levels. North Field is part of the world's largest natural gas field that Qatar shares with Iran, which calls it South Pars.
Kaabi also announced construction of a third new solar power station in Qatar's eastern Dukhan region to more than double Qatar's overall solar energy production to 4,000 megawatts by 2030.
More news from Business
Under its 'Journey 2030' strategy, it plans to bolster Abu Dhabi's role as a travel hub connecting Asia and Europe
Partnership aims to boost growth of companies operating within Dubai CommerCity and broaden their reach
Prize purse valued at over half a million dollars
Leaders underscored the need to explore new areas of untapped potential
Data highlights Abu Dhabi’s increasing attractiveness as a leading hub for technological innovation and business
Events such as the Dubai Shopping Festival, Pre-Ramadan, and Ramadan Sale impacted consumers spending
First timers should consider entry through an aggressive hybrid equity fund