Monday 13 December 2010

ConocoPhillips Says Qatar at `Top of List' of Places Where It May Invest - Bloomberg

ConocoPhillips sees Qatar as being “at the top of the list of countries” where the company is likely to invest, Chief Executive Officer James Mulva said.

ConocoPhillips “continues to look for opportunities” to cooperate with the Persian Gulf state in areas such as petrochemicals, oil and gas infrastructure, Mulva said in an e- mailed statement today.

The Houston-based company this year pulled out of two projects in the region, one in Saudi Arabia and the other in Abu Dhabi in the United Arab Emirates, and in 2007 withdrew from a U.A.E. refinery project.

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