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Thursday, 26 January 2017

Qatar investment in Russia to bolster OPEC, non-OPEC ties: Barkindo | Reuters

Qatar investment in Russia to bolster OPEC, non-OPEC ties: Barkindo | Reuters:

"Qatar's investments in Russia will further strengthen ties between the Organization of the Petroleum Exporting Countries and non-member oil producers, OPEC Secretary-General Mohammed Barkindo told Reuters.

The Qatar Investment Authority (QIA) and global commodities trader Glencore have bought a 19.5 percent stake in Russia's Rosneft, the world's top listed oil company by output.

At a meeting with the heads of Glencore, Italian bank Intesa and the sovereign wealth fund QIA in the Kremlin on Wednesday, Russian President Vladimir Putin said Qatar would take part in hydrocarbon production in Russia."



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