13 Apr 2023; MEMO: Chinese oil giant, Sinopec, on Wednesday became the first Asian firm to get a stake in Qatar's expansion of North Field East, the Gulf country's energy company announced.
QatarEnergy said Sinopec will get a five per cent stake in the equivalent of an eight-million-tonne production complex.
QatarEnergy chief, Saad Sherida Al-Kaabi, Qatar's Energy Minister, called it a "milestone agreement" and a new "landmark" for relations between the two countries.
"Today's event underscores QatarEnergy's commitment to deepening its relationships with key LNG consumers, while prioritising long-term strategic partnerships and alignment with world class partners from China, represented by Sinopec here today," Al-Kaabi said in a QatarEnergy statement.
