PRZOOM - /newswire/ - Scarsdale, NY, United States, 2011/05/30 - Albanian Minerals is working to invest and Joint Venture with steel companies in Qatar to produce a ferrochrome from chrome ore used in steel industry - AlbanianMinerals.com.

A huge increase in oil and natural gas prices to boost Qatar’s export earnings to a record high in 2011.
If the prices of oil and natural gas increase more Qatar's earnings from oil and Ngl to hit about $100 billion dollars in 2011.
The 100 billion dollars will be Qatar’s highest income in the history.

Qatar’s oil output and NGL output has increased 7.5 percent in the first quarter of 2011.
Qatar’s latest state budget for fiscal 2011-2012 was based on a conservative oil price of around $55 a barrel.

Qatar's spending could be around $ 50 billion in 2011.
Qatar will have a huge surplus in 2011.

Do to The high income Qatar's government is spending to diversify its economy by expanding the scope of its exports to include petrochemicals, steel, aluminum and fertilizers;
Qatar to invest in two Egyptian projects worth $20 billion to create 1.2 million jobs, Qatar's Minister Khaled bin Mohamed Al Attiyah has said:

Qatar is set to become the country with the world’s highest per capita income following on a breathless 16% growth in 2010 and a forecasted 20% - 25% growth in 2011 .
Qatar is set to become the country with the world’s highest per capita income following on a breathless 16% growth in 2010 and a forecasted 20% - 25 % in 2011

Qatar's GDP grew 16 percent in 2010, while nominal GDP rose to 30 percent to reach $116 billion.
Qatar is havely investing in infrastructure and steel demands are estimated to increase.

Albanian Minerals is working to invest and Joint Venture with steel companies in Qatar to produce a ferrochrome from chrome ore used in steel industry.

Agency / Source: Albanian Minerals

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