QATAR/EGYPT

Qatar Takes Stake In Egypt’s Musturud Refinery Project

Qatar Petroleum International (QPI) has taken a major stake in Egyptian Refining Company’s (ERC’s) $3.7bn Musturud project North of Cairo, MEES learns. The deal, signed on 31 January, will help push the delayed refinery project ahead at a time of fuel shortages. It illustrates a key strategic shift in Qatari overseas investment policy – to support post revolutionary governments in Arab countries,...