Qatar intends to invest in the US oil and gas sector more than $20 billion


Qatar Petroleum CEO, Saad Sherida al-Kaabi, said that after Qatar had left OPEC in January 2019, the state oil and gas company intended to invest more than $20 billion in the US oil and gas sector. Qatar, the world's largest exporter of liquefied natural gas, in November increased oil production by 14,000 barrels per day to 609,000 barrels per day, OPEC data showed. Its share in the total production in the cartel is only less than 2%. Reuters writes that Qatar plans to increase LNG production by 43% by 2025. It is reported that for this purpose, Qatar Petroleum will not use borrowed funds, it will use its own.

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