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A senior Qatari politician has said that the Gulf state is mulling over a possible US$800 million joint venture with the with Venezuelan state-owned oil company PDVSA that will involve the construct of a regasification facility in the South American state.
Reuters reported that Khalid bin Mohammed al-Attiyah, Qatar’s acting business and trade minister, said that a decision on the project would depend on negotiations between the two countries and most likely take a number of months to reach a conclusion.
“We should know by the end of the year,” Attiyah is reported by Reuters as saying.
Qatar’s booming liquefied natural gas (LNG) industry is on track to reach the targeted annual production rate of 77 million tonnes per annum in 2010.
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