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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Petrobras weighs Qatar stake as Emirate taps reserves

Posted on 22 January 2010

From Bloomberg: Petroleo Brasileiro SA is weighing a proposal by Qatar to take a stake in Brazil’s state-controlled oil producer as it seeks cash to develop offshore fields including the Americas’ largest discovery in three decades. The Qatar Investment Authority, the country’s sovereign wealth fund, has about $75 billion worth of investments outside the country.

“Petrobras is a big company and it has a lot of activities, so why not?” Qatari Energy Minister Abdullah bin Hamad al-Attiyah said today in an interview in the Qatari capital, Doha. “Now they will discuss it and evaluate it.” ………………………………Full Article: Source

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