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Tuesday, 20 June 2017

Qatar can weather boycott, foreign investors won't leave: Qatar Petroleum CEO | Reuters

Qatar can weather boycott, foreign investors won't leave: Qatar Petroleum CEO | Reuters:

"Qatar can stay under a "blockade forever" as it is well prepared and its oil and gas industries will not be affected, the chief executive of Qatar Petroleum said on Tuesday, referring to an economic boycott imposed by several other Arab countries.

The United Arab Emirates (UAE), which along with Saudi Arabia, Egypt and Bahrain have taken measures to isolate Qatar, said the sanctions could last for years unless Doha accepted demands that the Arab powers plan to reveal in coming days.

The Saudi-led alliance accused Qatar, the world's top liquefied natural gas (LNG) producer, of "supporting terrorism" and working secretly with Iran, the arch-foe of Saudi Arabia. Qatar denies the accusations."



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