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Sovereign Wealth Funds Briefing - Categorized | Investment

UAE to tap into Turkmenistan gas reserves

Posted on 06 May 2010

From 7days.ae: The UAE is planning to dig into its $328 billion sovereign wealth fund to invest in gas-rich Turkmenistan. The move would also potentially challenge Russia’s grip as the largest supplier of gas to Europe.
“We want to invest and we’ve been conducting negotiations for a long time,” the UAE’s oil minister Mohamed Al Hamli told Bloomberg………………………………………Full Article: Source


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