US Firms Invited to Invest in Qatar

Published June 17th, 2001 - 02:00 GMT

Qatari Minister of Energy and Industry Abdullah bin Hamad Al Attiyah has called on US petrochemical firms and financial institutions to participate in several huge projects expected to be set up in the Gulf state. 

He said the selection of projects and foreign firms for Qatar’s projects “is subject to extensive studies to guarantee economic feasibility and ensure the firms own technological and financial potentials as well as marketing access,” the official Qatar news agency (QNA) quoted him as saying.  

In an address to the Middle East International Affairs Council in Houston, Texas, Attiyah said Qatar’s oil strategy was based on preserving the current levels of the state’s productive capacity and expanding them through the use of the latest technology. 

Another goal, he said, was acting with other countries to maintain stability in world markets to reach fairer prices for both the producers and the consumers alike. 

“The gas sector strategy is based on achieving the highest utilization of Qatar’s gas reserves from the North Field, which has become a national target and a fundamental element in the future of the Qatari economy,” he added – Albawaba.com  

 

 


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