Qatar Rules Out Hormuz Bypass, Launches New Investments Platform
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Qatar considers a gas pipeline to bypass the Strait of Hormus unprofitable. It launches a platform for QIA domestic facilities and announces investment opportunities of over $60 billion.
Qatar rules out Hormuz bypass, launches new investments platform
Qatar said a gas pipeline to bypass the Strait of Hormuz would make no economic sense. It also launched a new investment platform to manage QIA’s domestic holdings and outlined more than $60bn in investment opportunities, in a major reshaping of its sovereign wealth strategy.
Qatar says it would not make economic sense to bypass the Strait of Hormuz with a gas pipeline. However, the Middle Eastern country has announced tens of billions of dollars in investments and is entrusting its wealth funds to a new platform.
Energy briefs-oil, Houthis, Qatar, Argentina and EPA - Oklahoma Energy Today
Houthis ** Yemen’s Houthis have assured Washington that they would not attack U.S. vessels in the Red Sea, following reports that the U.S. cancelled its planned strikes on the group at the last minute, a senior Houthi official said on Monday. Qatar ** Qatar has ruled out using pipelines to bypass the Strait of Hormuz, […]
New York: On Sunday, the Prime Minister of Qatar, Sheikh Mohammed Bin Abdulrahman Al-Thani, announced the establishment of a new section of Qatar ' s investment agency dedicated to the development of domestic investment, a step that marked a shift in the direction of the sovereign wealth fund, which had always focused its efforts on the development of wealth abroad.
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