O’Neill Explores Opportunity with QATAR

By : Post Courier

 

Prime Minister Peter O’Neill has welcomed the opening of discussions with Qatar to initiate co-operation opportunities in the oil and gas, food production and processing and the financial sectors.

Taking part in a two-day official visit to the State of Qatar, at the invitation of its Prime Minister.

Mr O’Neill said now is the time to work with more partners in the global community to strengthen key sectors of the economy.

Meeting with Qatar’s Minister of Economy and Commerce, Ahmed Bin Jassim Bin Mohammed Al-Thani, in Doha last night.

Mr O’Neill said there are several opportunities the two countries will pursue in the coming months.

“Qatar has an economy that shares several economic synergies with Papua New Guinea, particularly in the oil and gas sector,” he said.

“Over the past decade, they have built a leading presence in the LNG sector and works with several of the same companies as Papua New Guinea.

“While both of our countries are active in the market, there are opportunities to work together on technical issues, and there is the potential for investment.”

He said as the country prepares for the next LNG project, it is important for PNG to work with other countries and gain from their experience as well as strengthen our position as a nation.

Mr O’Neill said there is also interest in Qatar to be active in Papua New Guinea’s expanding agricultural sector.

“Strengthening domestic food security in, as well as expanding our export markets, is essential for our country.

“We have enormous potential in our agricultural sector, but we cannot do this alone. We need to be proactive in attracting foreign investment, as well as strengthening our technical and skills capacity,” Mr O’Neill said.

Qatar has made substantial investments in several countries around the world and is looking at further expansion.

“We will maintain a dialogue with the Qatar government and relevant agencies as we explore the potential for investment growth and technical co-operation with the nation,” the prime minister said.

Leave a Reply