Middle East Economic Survey

VOL. LI

No 34

25-Aug-2008

QATAR

Norsk Hydro Sells QVC Shares To QP

Norsk Hydro announced on 18 August that it had completed the sale of its 29.7% ownership interest in Qatar Vinyl Company (QVC) to Qatar Petroleum (QP) for $136mn (NK735mn). This completes the divestment of Hydros polymers activities, said the company. Norsk Hydro sold its polymers activities in Norway, Sweden and the UK to INEOS in February. QP exercised its pre-emptive right to acquire the QVC ownership...