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Friday, 30 September 2016

Boeing said to be nearing $6.7b Qatar deal | GulfNews.com

Boeing said to be nearing $6.7b Qatar deal | GulfNews.com:

"Boeing Co is nearing an agreement with Qatar’s flagship airline for a multibillion-dollar commercial jet order, following US approval of a long-stalled sale of F-15 fighter jets to the Arabian Gulf nation.
Qatar Airways is in late-stage talks to acquire at least 30 Boeing wide-body jets and would take 787 Dreamliner and 777 models, said the people, who asked not to be identified because the talks are private. The order would be valued at upwards of $6.7 billion (Dh24.5 billion) at catalogue prices, although airlines typically negotiate discounts.
Akbar Al Baker, chief executive officer of government-owned Qatar Airways, told reporters in late August that the carrier was poised to make a “large” aircraft purchase, adding to its backlog of orders for Boeing and Airbus Group SE planes. The US approved fighter-jet sales to Arabian Gulf allies including Qatar, Bloomberg News reported Wednesday."



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Early Signs of OPEC Supply After Algiers Deal Show Saudi Dilemma - Bloomberg

Early Signs of OPEC Supply After Algiers Deal Show Saudi Dilemma - Bloomberg:

"Just days after OPEC agreed the framework for its first production cut in eight years, initial estimates of the group’s output this month show the potential bind faced by its most powerful member.
While Saudi Arabia lowered output this month -- following the typical seasonal shift as local consumption sags at the end of summer -- the group’s overall output remained steady as Nigeria and Libya restored disrupted supplies and Iran continued its return from international sanctions, according to data from Vienna-based consultants JBC Energy GmbH.
Saudi output fell by 140,000 barrels a day to 10.5 million a day last month, the data show. At the same time, Nigeria added 90,000 barrels a day and Libya pumped an extra 30,000, JBC said. That left total OPEC output stable at 33.5 million daily barrels, illustrating the challenge the Gulf kingdom may face to deliver on the Sept. 28 pledge to reduce the group’s output to 32.5 million to 33 million barrels a day."



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