Companies & Finance

Qatar to invest $20 bln in US

Qatar Petroleum is looking to invest at least $20 billion in the United States in the coming years
By Staff reporter 17 December 2018 0 33706

Qatar Petroleum (QP) is looking to invest at least $20 billion in the United States in the coming years, Chief Executive Saad al-Kaabi told Reuters in an interview on Saturday.

The investment will be made in conventional and unconventional oil and gas resources, Kaabi said.

QP expects to take an FID on the Texas-based Golden Pass LNG plant, in which it holds a majority stake, by the end of the year or in January.

QP is in talks with IOCs, including Italy’s Eni, about partnering...