Qatar’s stake in Total SA (FP) has risen to 3 percent, according to the chairman and chief executive officer of Europe’s third-largest oil company.
“It’s a good company, it’s a good investment,” Christophe de Margerie said in an interview in Doha.
The Persian Gulf emirate, the world’s biggest exporter of liquefied natural gas, has been buying shares in French companies including Lagarde SCA and LVMH Moet Hennessy Louis Vuitton SA (MC) amid rising gas revenues. The Qatar Investment Authority, the country’s sovereign wealth fund, holds more than $65 billion of investments, Deputy Prime Minister Ahmed Abdullah al-Mahmood said at a conference in Doha.
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