QatarEnergy To Stop Some Downstream Production
Naija News • 3h ago
Qatar’s state-run energy firm said Tuesday it would halt some downstream production a day after stopping the production of liquefied natural gas as Iran attacked facilities at two gas processing plants.
“Further to the decision by QatarEnergy to stop production of liquefied natural gas (LNG) and associated products, QatarEnergy is stopping the production of some downstream products in the State of Qatar, including urea, polymers, methanol, aluminum, and other products,” the company said in a statement.
The yen and euro took a hit on Tuesday as the widening Middle East conflict focused attention on countries dependent on energy imports and how central banks might respond to inflation pressures.
The dollar benefited from safe-haven demand as the U.S. and Israeli air war against Iran spil...