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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

China’s Sinopec to Take 5% Share in Qatar’s North Field East

Sinopec Qatar QatarEnergy North Field China QNA Natural Gas Oil
Residents walk along Doha's Corniche beneath the city's skyscrapers. (Getty Images)

China's state-owned oil and gas giant Sinopec will take a 5% stake in Qatar's North Field East expansion, part of the world's largest liquefied natural gas (LNG) project, state news agency QNA reported on Wednesday.

QatarEnergy had said previously that it could give up to a 5% stake in the project to some buyers, which QatarEnergy CEO Saad al-Kaabi called "value-added partners".

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