Previous Story
Qatar is interested in the Pacific Refinery
Posted On 04 Jun 2018
Ecuadornews:
The visit of the Foreign Minister of that country, on May 2, strengthens the investment expectations of the Arab nation in the country. Ambassador Hassan Al Malki explained that specific agreements are expected to be finalized.
Qatar has set its sights on the construction of the Pacific Refinery. The Arab nation is one of the largest exporters of liquefied natural gas (LNG) and, due to its experience in the exploitation of oil and gas, wants to invest in Ecuador.
This was stated by the ambassador of that country, Hassan Al Malki, during a talk with EL TELÉGRAFO newspaper. “Qatar is interested,” he said, and said that they are interested in the project, because their country has the technology to improve the refining conditions of this non-renewable resource.
The agreement has not crystallized, because, as he said, there is no agreement with our country.
Months ago, he said, there has already been a visit by entrepreneurs from that country who visited points where they can invest.
The interest is part of a series of agreements that, he added, are expected to materialize in a future meeting between Qatar and Ecuador, in the Middle East, next October.
Al Malki advanced the possibility that the emir of Qatar, Tamim bin Hamad Al-Thani, visit the country, although he did not say a date. On May 2, there was progress to strengthen diplomatic relations. This, after the visit of the Chancellor of Qatar, Sultan Bin Saad Al Muraikhi, to President Lenin Moreno.
He stressed that some projects were already in the State sphere in 2013, when Sheikh Hamad bin Khalifa Al Thani visited the then President Rafael Correa. There, the interest in investing in tourism and construction was exposed. In the latter, the construction of real estate projects in the sector of the Mariscal Sucre airport, today, Bicentennial Park.
Meanwhile
trade relations increase. Roberto Intriago, executive director of Proecuador, said that there is a first entry into coffee, as well as bananas, and chocolates.
“With Fedexpor we will do more commercial missions, because they will be a multiplier effect. Qatar also has a lot of interest in non-traditional fruits. Xavier Barreiro, undersecretary of Foreign Trade Policies, said that in 2016, the country exported $ 6,254 million in products and increased to $ 7,575 million. “66% was in natural flowers and 20% in bananas, so the importance in other products,” he said.
He highlighted that Ecuador presents to Qatar a great offer of cocoa, banana, banana, pitahaya;
The forest part that is a development pole is also analyzed, but work must be continued. “The need is quite broad in food.” (I)
