09 April 2026
09 April 2026
By 08:56 GMT, Brent crude had risen by $3.69 (3.9%) to $98.44/bbl, while WTI gained $3.47 (3.7%) to $97.88/bbl.
Last month, QatarEnergy said Iran’s missile strikes caused significant damage at its Ras Laffan Industrial City hub.
The first phase of the LNG project involves an investment of $12.5bn, with anticipated annual export revenue of $3.5bn.
Rapid urbanisation, expansive manufacturing sector, and major investments in new production capacity to fuel propylene demand in the country.
Analysis confirms high-quality, light-gravity oil, supporting a two-drill-site development with production comparable to Pikka phase one.
The order also covers the provision of commissioning services, spare parts, specialist tools, and remote monitoring and diagnostic capabilities.
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