24.7 C
Port Moresby
June 25, 2021
Business Featured News

O’Neill eyes Oil-rich Qatar as trade partner

Share the News

Prime Minister, Peter O’Neill whilst meeting with Qatar’s Minister of Economy and Commerce, Ahmed Bin Jassim Bin Mohammed Al-Thani, in Doha last night, said there are several opportunities that the country can take advantage of.

“Qatar has an economy that shares several economic synergies with Papua New Guinea, particularly in the oil and gas sector,” PM O’Neill said from Doha.

“Over the past decade, they have built a leading presence in the LNG sector and works with several of the same companies as Papua New Guinea.

O’Neill said the Oil-rich nation’s experience on developing spin-offs from it’s oil reserves can present vital lessons for the country.

One of these areas is for a partnership in the Agriculture sector.

“Strengthening domestic food security in Papua New Guinea, as well as expanding our export markets, is essential for our country.

“We have such enormous potential in our agricultural sector, but we cannot do this alone,” O’Neill said.

While in Doha, the Prime Minister also met with the Governor of the Central Bank of Qatar, Abdula Mohamad Al-Thani.

The meet would pave ways the governments can meet on managing money generated from the Oil and Gas industries.

Prime Minister O’Neill will meet today with Qatar’s Prime Minister, Abdullah bin Nasser bin Khalifa Al-Thani, to open discussion on forming partnerships.

Related posts

France says wing part found on Reunion island definitely from MH370

EMTV Online

2016 Warwargira and Mask Festival Opens | Kokopo, Papua New Guinea

Edwin Fidelis

Air Niugini 737 MAX 8 Order

EMTV Online
error: Content is protected !!