RIYADH: Saudi Arabia Public Transport Co. (SAPTCO) will launch operations of Riyadh public transport network in the second quarter of 2021, the company said in a statement to Tadawul on Sunday.
SAPTCO said it received a letter on Dec. 19 from its 80 percent-owned subsidiary, General Transportation Co., stating that the Royal Commission in Riyadh has set Q2 2021 for the commencement of actual operation of the King Abdulaziz public transportation project network.
The project costs cannot be currently estimated, as coordination is ongoing with the related parties on the required work plan, SAPTCO added.
On June 30, 2020, SAPTCO said the Riyadh public transport network will begin operations in Q4 2020, Argaam reported.
SAPTCO signed, in late 2014, a contract with France-based RATP Dev Company to establish the Public Transportation Co. with a capital of SAR 10 million to operate its Riyadh Buses project.
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Riyadh public transport system to start operations in Q2 2021
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Riyadh public transport system to start operations in Q2 2021
- The project costs cannot be currently estimated, as coordination is ongoing with the related parties
- SAPTCO signed, in 2014, a contract with France-based RATP Dev Company to establish the Public Transportation Co.
QatarEnergy announces force majeure following Iran attacks: statement
DOHA: Qatar’s state-run energy firm on Wednesday declared force majeure following attacks on two of its main facilities that halted liquefied natural gas production and as Iran pressed missile and drone attacks across the Gulf.
“Further to the announcement by QatarEnergy to stop production of liquefied natural gas and associated products, QatarEnergy has declared Force Majeure to its affected buyers,” the company said in a statement.
QatarEnergy invoked the clause, which shields it from penalties and potential breach of contract claims from clients, after stopping LNG production on Monday.
Iranian drones attacked two of the company’s main production hubs in Ras Laffan Industrial City, 80 km north of Doha and in Mesaieed 40 km south of the Qatari capital, Doha’s ministry of defense said at the time.
The Gulf state is one of the world’s top liquefied natural gas producers, alongside the US, Australia and Russia.
On Tuesday, QatarEnergy said it would halt some downstream production of some products including urea, polymers, methanol, aluminum and others.
Qatar shares the world’s largest natural gas reservoir with Iran.
QatarEnergy estimates the Gulf state’s portion of the reservoir, the North Field, holds about 10 percent of the world’s known natural gas reserves.
In recent years, Qatar has inked a series of long-term LNG deals with France’s Total, Britain’s Shell, India’s Petronet, China’s Sinopec and Italy’s Eni, among others.
