Qatar may form energy SWF

The overseas arm of state-run Qatar Petroleum is considering setting up a consortium with sovereign fund Qatar Investment Authority (QIA) to invest in energy projects, the London-based Meed reported.

"There will be official co-ordination looking at how much each one should spend. This could include forming a consortium together," said Ibrahim Ibrahim, a board member at Qatar Petroleum International (QPI), quoted by Meed's latest issue.

"Making this sort of move is not for lack of money on either side, but for finding the right investment and using our joint experience to find the right deal together," Ibrahim said. The QPI has undertaken to invest in energy projects overseas.