Nakilat’s LPG vessels have transited through the newly expanded Panama Canal some 16 times, while its joint-venture conventional LNG vessels have completed as many as 38 transits.
Nakilat’s fleet expansion has opened a “new horizon and business avenue” for the company and help it reinforce its integral role in supporting Qatar’s industry-leading status as the world’s largest exporter of clean energy, said chairman HE Dr Mohamed bin Saleh al-Sada.
Nakilat achieved Qatarisation rate of 41%, which is among the highest in the local oil and gas industry during 2018.
Nakilat has achieved a ‘Five-star’ grading following its recent five star occupational health and safety audit conducted by the British Safety Council (BSC).
Nakilat and McDermott are establishing a 60:40 joint-venture (JV) company that provides offshore and onshore fabrication services in Qatar.
Qatar Petroleum (QP) signed three agreements worth QR9bn ($2.47bn) with leading international companies on Monday as part of QP’s ‘Tawteen’ initiative that aims to localise the energy sector’s supply chain and expand the country’s small and medium-sized enterprise (SME) base.
Nakilat on Sunday reported more than 5% year-on-year growth in net profit to QR892mn in 2018 (or QR1.61 per share).
Qatar Shipping, a subsidiary of Milaha (formerly Qatar Navigation), is acquiring another 5.9% stake in Nakilat, to effectively raise its total holding to 36.3%.
Nakilat is showcasing the world-class capabilities and infrastructure of Qatar’s premier shipyard at the ongoing Doha International Maritime Defence Exhibition and Conference (Dimdex).