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Tuesday, 4 July 2017

Qatar Says Fellow OPEC State U.A.E. Halts Oil Imports in Row - Bloomberg

Qatar Says Fellow OPEC State U.A.E. Halts Oil Imports in Row - Bloomberg:

"Qatar Petroleum is taking “legal actions” after Abu Dhabi National Oil Co. declared force majeure to halt shipments of condensate, a light oil liquid, from Qatar, according to QP Chief Executive Officer Saad Sherida Al Kaabi.

Qatar will continue to supply natural gas via pipeline to the United Arab Emirates and Oman, Al Kaabi told reporters at a press conference in Doha Tuesday. Al Kaabi said the force majeure declaration was imposed “illegally” on the condensate shipments. Adnoc wasn’t available to comment.

“I don’t know how they can call force majeure. We are the ones who should be calling force majeure because we have the restrictions, not them,” Al Kaabi said. “They have enforced force majeure on that contract illegally in our view and we are taking legal actions on that.”"



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