Qatar Pivots to Energy Investment Abroad as Home Projects Shrink
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Qatar is buying oil and gas fields from Brazil to the Congo as the biggest liquefied natural-gas producer sees fewer energy developments at home.
Qatar Petroleum International Ltd.’s $1 billion purchase of 23 percent of the Parque das Conchas oilfield off Brazil from Royal Dutch Shell Plc is the latest of three foreign deals in the past year. It completed the acquisition of 15 percent of Total E&P’s Congo unit in December, injecting $1.6 billion.