Qatar Throws Support Behind $4B Egyptian Refinery Project

Law360, New York (September 24, 2012, 4:42 PM EDT) -- Qatar's state-owned petroleum developer will plunk down a substantial investment in a $3.7 billion Egyptian oil refinery project, energy officials announced at a weekend press conference, marking a key step toward jump-starting the project.

The officials — Qatari Minister of Energy and Industry Mohammed bin Saleh al-Sada and Egypt's Minister of Petroleum and Mineral Resources Osama Kamal — did not give an exact buy-in figure, according to various media outlets, but earlier reports have pegged Qatar's investment around $400 million.

Representatives for neither country's energy officials...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.