Qatar is readying itself for global energy deals

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Qatar is readying itself for a bunch of global energy deals by buying a stake in Rosneft, Reuters reported. 

The Qatar Investment Authority (QIA) became a shareholder in Rosneft following the Russian state-controlled oil giant’s privatization in late 2016, and now holds a 19 percent stake.

Though Qatar is a small oil producer compared to its massive gas production, state oil firm Qatar Petroleum is on a drive to expand operations globally.

Qatar’s ambassador to Russia, Fahad bin Mohamed Al-Attiyah, said QIA’s stake opened the door to cooperation between Rosneft and Qatar Petroleum in projects around the world.

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