Qatari investors ink US$5 bln deal for 49% stake in Shandong Dongming Petchem

Qatar's Qatra for Investment & Development (QID Group) and Hamad Bin Suhaim Enterprises have signed an initial deal of US$5 billion to acquire 49% of China's Shandong Dongming Petrochemical Group, as per company sources in Reuters. The deal is expected to be finalised by Q4-2015, with the cash used to finance a number of projects that Shandong is currently working on- to include building 1,000 petrol stations across six provinces in China and a liquefied natural gas (LNG) terminal with a 3 mln tpa capacity in the region of Qinzhou.
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha