 | Heir Apparent lays
Barzan Gas Project
foundation stone THE Heir Apparent His Highness
Sheikh Tamim bin Hamad al Thani
on Tuesday laid the foundation
stone for the Barzan Gas Project in
Doha.
The project, a joint venture
between Qatar Petroleum and
ExxonMobil, is Qatar´s.
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| | QP, Total sign research framework agreement |  MINISTER of Energy and Industry
and Chairman & Managing
Director of Qatar Petroleum His
Excellency Dr Mohammad bin
Saleh al Sada and Total CEO
Christophe De Margerie made their
presence on Tuesday for the signing
of a research framework agreement
that sets the foundation for
research cooperation between the
two oil giants.
The agreement was signed by Issa
Shahin Issa al Ghanim, chairman of
the steering committee for research
and technology at QP and Total
Managing Director Stephane
Michel.
The signing ceremony, held at the
Sheraton Doha, was attended by
senior officials from Total and
Qatar Petroleum.
The agreement is... |
| | Greek referendum move enrages
Germany, melts European stocks |  PRIME Minister George
Papandreou´s shock decision
to call a referendum on
Greece´s bailout drew veiled
threats from Germany on
Tuesday and hammered
markets edgy over the eurozone
crisis.
European politicians complained
that Athens was trying
to wriggle out of the rescue
deal agreed only last week,
concerned not so much about
the fate of Greece as the possibly
dire consequences for the
entire currency union.
One senior German parliamentarian
suggested the eurozone
might have to cast Athens
adrift, cutting off its aid lifeline
and allowing the nation to
default.
Others were stunned by
Papandreou´s apparent bolt
from the blue on Monday on
the plan for a 130... |
| | Australia lowers
key interest rate |  AUSTRALIA´S central bank
cut its benchmark interest rate
by a quarter percentage point
on Tuesday in a bid to bolster
the nation´s economy amid
uncertainty stemming from
Europe´s debt crisis.
The Reserve Bank of
Australia´s decision to lower
the rate to 4.5 percent was
largely expected by economists,
and was the first time
the bank had lowered its key
interest rate since April 2009.
The bank cited the significant
slowdown in European
economic growth, a slight rise
in Australia´s unemployment
rate currently at 5.2 percent
and subdued confidence outside
the country´s lucrative
mining sector as factors behind
its decision. It said monetary... |
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