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,...
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