The Wall Street Journal: Qatar to Fund Development Spree With $110 Billion in Financing
“Qatar has already fostered a booming liquefied-natural-gas industry, benefiting from soaring global demand to draw in well-heeled investment partners like Royal Dutch Shell PLC”
Saturday 24 September 2005
By CHIP CUMMINS
Staff Reporter of THE WALL STREET JOURNAL
September 24, 2005
Qatar, a small but energy-rich Persian Gulf state, is offering up to $110 billion of project-financing opportunities to help fund a major development spree, including about $50 billion dedicated to oil and natural-gas projects.
Sheikh Mohammed bin Ahmed bin Jassim al-Thani, Qatar’s economy and commerce minister, is expected to unveil the package at an International Monetary Fund and World Bank meeting in Washington Saturday. The spending frenzy comes as petrodollars swell state coffers of big oil and gas producers around the world, encouraging policy makers in places like Qatar to expand their energy industries and diversify their economies while times are good. read more
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