Qatar’s sovereign wealth fund wants to boost its stake in Shell to 7%, MEES learns. This would strengthen ties with the firm that has flagship gas-to-liquids (GTL) and LNG projects in the country, and investments in Iraq.
Qatar’s sovereign wealth fund, Qatar Investment Authority (QIA), is in talks with Shell to boost its stake in the oil major from almost 3% to 7%. Under UK regulations QIA would be required to disclose any holding of 3% or more. On 7 September Shell had a market capitalization of $228bn, which would value a 7% stake at $16bn (continued on page 18). (CONTINUED - 1535 WORDS)
