Higher oil prices, LNG investments to see Qatar’s growth rising

Higher oil prices, LNG investments to see Qatar’s growth rising:

"Qatar’s growth is set to rise on higher oil prices, eased fiscal constraints and investments in LNG production, QNB has said in its latest ‘Qatar Economic Insight’. The country’s real GDP is expected to rise to 2.5% this year and 3.4% in 2019 before slowing slightly to 3.3% in 2020 as higher oil prices lead to relaxed fiscal constraints and as investment in the long-term expansion of LNG production lifts growth.  In the hydrocarbon sector, the extension of the Opec output cuts agreement in 2018 will keep oil production flat, but Qatar’s hydrocarbon production should pick up thereafter as the Opec curbs are lifted and as new gas production from the Barzan project comes on line in 2020."



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