Qatar and China in memorandum to promote energy cooperation

04-Mar-08
Qatar and China signed a memorandum to promote bilateral energy cooperation, significantly boosting both the countries' mutual investment in the energy sector. China, growing at a rapid pace, has a huge demand for petrochemical products and relies heavily on imports. Qatar has abundant natural gas reserves, estimated at 25 trillion cubic meters and ranking the third largest in the world. As part of the memorandum, China hopes to develop oil and natural gas trade with energy giants like Qatar, welcoming such countries to set up petrochemical enterprises in China.
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