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FinancialNews


  • 05-09-19

    QP reduces marine, land crude prices for Aug

    (MENAFN) Qatar Petroleum (QP) imposed a 6 percent reduction on marine crude oil prices for August 2019 in comparison to July prices, while slapping 5.6 percent cuts on land crude oil.

    On Wednesday, Qatar News Agency reported that marine oil prices for last month were decided to stand at USD60.75 per barrel to mark a 6.2 percent decline from July's USD64.75 per barrel.

    Meanwhile, land oil prices for last month were set at USD61.30 per barrel by Qatar Petroleum from the USD64.95 posted a month earlier.

    QP runs all oil and gas businesses within the GCC nation, covering exploration, production, refining, transport, and storage.

    Revenues of QP from oil and natural gas account for 60 percent of GDP in Qatar.

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