In Qatar, four largest enterprises halted operations due to suspension of gas supplies
In Qatar, four of the largest industrial companies, whose shares are traded on the country's stock exchange, announced a partial or complete halt of production after the state oil and gas corporation Qatar Energy suspended raw material supplies. This was reported by Qatar News Agency, writes The Moscow Times.
Mesaieed Petrochemical Holding Company informed the stock exchange about the suspension of production of some products at its subsidiaries.
Qatar Aluminum Manufacturing Company, which owns 50% of the Qatalum joint venture, announced that the plant would begin an organized shutdown of aluminum production. Gulf International Services announced the cessation of certain operations and services related to the energy sector. The largest industrial conglomerate, Industries Qatar, also stated that its subsidiaries would reduce or completely halt the production of some products.
All four companies noted that they would additionally inform the market about the development of the situation and possible next steps.
The companies' decisions were made after Qatar Energy announced on March 2 the suspension of liquefied natural gas (LNG) and related product production due to Iranian attacks on its facilities. On March 3, the corporation reported the cessation of production of deep gas processing products, including urea, methanol, and polymers. On March 4, Qatar Energy declared force majeure after halting LNG and processing product production.
According to CNN, Iranian drones attacked the company's facility in Ras Laffan, as well as energy infrastructure in Mesaieed. Earlier, Qatar Energy had stated that a drone hit one of its facilities.
On February 28, the US and Israel began a military operation against Iran. In response, Tehran is striking American military bases in the Middle East, as well as civilian targets, including in Qatar.
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