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Qatar Petroleum is investing $ 20 billion in the United States after its withdrawal from OPEC
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The company plans to invest at least $ 20 billion in the United States over the next few years after it withdraws from OPEC, which is preventing Doha from potential legal risks there, the chief executive told Reuters.
Saad al-Kaabi said on Sunday that the company was seeking to announce the names of foreign partners in its new LNG production units to be built by the middle of next year.
But he added that Qatar Petroleum could implement the project alone without the participation of international oil companies if it did not receive good offers.
On the other hand, Al- Kaabi said that the company signed on Sunday an agreement with Eni of Italy to buy a stake in three offshore oil fields in Mexico .
Under the deal, Qatar Petroleum will acquire a stake in Mexico's oilfields, which are expected to start production by mid-2019 to reach 90,000 bpd by 2021, he said .
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