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FINANCIAL NEWS
Total will invest USD2bn in Qatar oilfield development
28 Jun 2016
(MENAFN) Total aims to invest up USD2bn in developing the Al-Shaheen oilfield in five years, after the French major won 30 percent share to operate Qatar’s largest offshore oilfield.
Moreover, the firm plans to invest for five years 2017-2022, more than USD2bn in the field to integrate technology, while a new firm named North Oil will manage the joint venture.
On the other hand, Qatar Petroleum will keep the remaining 70 percent in the new joint venture for the Al-Shaheen field, which is 80 km off Qatar’s coast.
In addition, the new deal is an improvement for Total, which became the first oil major to renew a 40-year onshore concession in the United Arab Emirates.
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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