Qatar closes helium plants amid economic blockade
Doha
QATAR, the world's second-largest helium producer, has closed its two helium production plants because of the economic boycott imposed by other Arab states, industry sources told Reuters on Tuesday.
The helium plants operated by RasGas, a subsidiary of state-owned Qatar Petroleum (QP), were shut after Saudi Arabia closed its border with Qatar, blocking overland exports of the gas, a QP official told Reuters. RasGas is 70 per cent owned by QP and US giant ExxonMobil has 30 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Anglo rejects BHP takeover bid as significantly undervalued
India rice prices at three-month low on shrinking demand
Gold prices set for weekly decline ahead of US inflation data
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply