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(hydrocarbonprocessing) --
Qatar's sovereign wealth fund, continuing its recent splurge on overseas assets,
is eyeing stakes in Anglo-Dutch energy group Royal Dutch Shell and Italy's Eni.
Qatar is in "very advanced talks" to buy 3-5% of Shell, a major investor in
Qatar, and a 3% stake in Italian oil giant Eni.
Qatar's sovereign wealth fund, continuing its recent splurge on overseas
assets, is eyeing stakes in Anglo-Dutch energy group Royal Dutch Shell and
Italy's Eni, the Middle East Economic Survey reported Friday.
A spokeswoman for Shell confirmed Qatar was a shareholder but didn't say when
the Gulf state acquired the stake or how large it was.
"We are delighted to welcome the Qatar Investment Authority as a long-term
and major shareholder in Shell, and particularly given our excellent strategic
relationship with the Qatari state," the spokeswoman said in an emailed
statement.
Qatar is in "very advanced talks" to buy 3-5% of Shell, a major investor in
Qatar, and is also negotiating taking a 3% stake in Italian oil giant
Eni. |
